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Monday, July 24, 2006

economics tidbits #3

The current U.S. consumer & government debt is now $41 trillion; this combined debt has increased more in the last 16 years than in the previous 200 years.
— gold-merchant interviewed July 2006 on Ed Schultz radio show

"Taxation above 19% shrinks government and taxation below 19% makes government grow."
— Jonathan Rauch, in Atlantic Monthly June 2006

"95% of Fortune 500 companies pay less than 5% in taxes."
— David Sirota

"Cut and run? The Republican policy is to cut taxes for the wealthy and run up the National Debt."
— G.E. Nordell

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