COATS: The way out of debt and to tax reform
From: The Washington Times | April 28, 2011
ANALYSIS/OPINION:
The federal government spent $1.7 trillion last year more than it brought in tax revenue. It had to borrow that amount. This increased the outstanding public debt to $14.2 trillion - or 96 percent of GDP. This includes that part owned by the Social Security trust fund and the ...
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