July 6, 2009

Obama's Plan: Spend First. Tax Later

Fred Hiatt, Washington Post

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Since the Reagan era, some conservatives have hoped to shrink government by "starving the beast." Refuse to raise taxes, they figured, and eventually spending would have to fall.

It's beginning to look as though the new team may have a similar strategy, in reverse: Increase spending, and eventually taxes will have to be raised.

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TAGGED: Barack Obama

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