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A Respite

“Coming on the heels of the massive tax cut approved in December, last week’s budget agreement was a breathtaking abdication of fiscal responsibility.”  Thus, begins Lou Crandall’s MMO for Feb 12 and he could have taken those words from my mouth but beat me to the punch.  Since I’ve stolen that, I might as well offer a version of a chart Lou used which is a variation on the theme of many I’ve sent out; the budget as a % of GDP. Read more from David Ader's latest musings.
A Respite

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