Friday, Aug. 5, 2011 | 2:04 a.m.
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In achieving the recent agreement cutting government spending in exchange for a debt-ceiling increase, Republicans steadfastly argued that taxes could not be increased because it would further sink our economy, and that our taxes are among the highest in the world. This is not true; the U.S. tax burden is lower than that of the average of all other developed nations.
Our economy is in the tank, and spending cuts will further exacerbate the problem by cutting government employees and government contractors. This country needs to immediately embark on a massive program to restore, add or improve our bridges, roads, water mains, sewage systems, electric grids and renewable power systems. Then we will be in a position to start reducing government expenditures because our tax revenue will have increased sufficiently.
Let’s leave our kids and grandkids an updated equivalent of the Hoover Dam and the Tennessee Valley Authority.
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