"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Obama: Taxes needed to reduce debt
President Obama told a group of business executives last night that "revenue" -- generated by tax increases -- is essential if the U.S. is going to substantially reduce its $1 trillion-plus budget deficits and $15 trillion-plus federal debt.
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