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Question the logic of so-called fiscal cliff

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By Sen. Rand Paul

Americans are told that they face a “fiscal cliff” if automatic federal spending cuts and tax increases occur at the end of 2012. I’m not in favor of jumping off a cliff, but the logic of the supposed threat needs to be questioned.
The fiscal-cliff narrative assumes that spending cuts are bad for the economy. It follows, then, that more spending (and therefore more government debt) are good for the economy.


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