Debt means nothing unless you compare it to income, wealth

Sowell, Thomas
December 2004
Enterprise/Salt Lake City;12/6/2004, Vol. 34 Issue 24, p12
Argues against the need for increasing the taxes in the U.S. in 2004 in order to lower the national debt. Significance of reducing the rate of increase in government spending to tax revenues; Purpose of taxes; Ways to reduce the national debt.


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