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Of course, one to help compensate for that higher interest rates on national debt would be to raise taxes. But during the ''debt ceiling'' debate, legislators balked at such a solution. After all, the average American is taxed into the point of poverty given that is. The rich will fight new taxes at all costs, you could find will taxes increases come from and at what expenditure? Will public services be cut instead? In order to a scary thought, without a doubt.
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