Debt and taxes, past and present

Simon Johnson gives a short course in today’s NYT Economix.

Now we find ourselves again about to debate the fundamental Hamiltonian questions: At the federal level, who will pay how much, to whom and for what, exactly? […]

But are we now willing to debate the real issues: taxes, health care costs and what kind of redistribution we think is fair and sustainable?

Worth a full read. Won’t take but a few minutes.

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