Does the U.S. Have a Revenue Problem or Spending Problem?
April 28, 2011 at 10:53 AM EDT
There is a debate about the causes of the record deficits in the United States. Republicans argue that we have a “spending problem”, by which they mean spending is increasing too fast, while the left argues that we mainly have a “revenue problem”, by which they mean taxes are too low. The outcome of this [...]