When the debt is framed as a crushing multiple of one year’s income, the conversation narrows to two unappealing options: cut spending or raise taxes on the wages and salaries ordinary Americans live on. Compare the debt to the country’s total wealth, though, and a different path emerges — one that requires neither austerity nor squeezing the middle class.
When the debt is framed as a crushing multiple of one year’s income, the conversation narrows to two unappealing options: cut spending or raise taxes on the wages and salaries ordinary Americans live on. Compare the debt to the country’s total wealth, though, and a different path emerges — one that requires neither austerity nor squeezing the middle class.
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