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Did the debt ceiling deal really save the US from bankruptcy?

Geopolitical Economy Report

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The Vicious Circle of Government Investment

The average worker in the United States is paying something like a total tax effective rate of all sorts of taxes more than the top 0.1% and 1%. The government will be forced to borrow more because it's not getting the revenues as a result of higher incomes that everybody is getting apart from the inequalities of the taxation system which is just ludicrously in the corner. I mean we can't afford to pay decent pensions to people when they get old this is absolutely nonsense.

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