Episode 133: What’s Up With the National Debates?
Words & Numbers
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The Importance of Taxing the Rich
"I can't see a way in which that's not correct, because the minute you become even marginally conversant in the budget numbers," he says. "If we zeroed out defense spending, we'd still have a deficit ... If the rich, however you wanted to find them, were taxed at 80%, we'dstill have a budget deficit" The further up you define the rich, the fewer people there are that fall into that category, Obama adds.
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