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Democrats are right on the economy—but losing the argument

Time to stop bickering over percentage points of growth and speak instead to people’s everyday concerns

By James Kwak  


In passing a $1.5 trillion tax cut, mainly for businesses and business owners, and then voting to lift spending caps that they had demanded only a few years ago, US Republicans have not only vastly inflated federal government deficits as far as the eye can see. They have not only executed another perfect 180-degree spin away from the fiscal rectitude they draped themselves in during the Obama years. In addition, they have finally delivered the economic stimulus that Democrats have demanded for a decade—putting their…

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