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Of course, one for you to compensate for that higher interest levels on national debt would be to raise taxes. But during the ”debt ceiling” debate, legislators balked at such a system. After all, the average American is taxed into the point of poverty given that it is. The rich will fight new taxes at all costs, that you may will taxes increases hail from and at what pricing? Will public services be cut instead? Might be a scary thought, along with no doubt.
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