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Political Factoid
Extending the Bush-era tax cuts will cost more than:
- The Iraq and Afghanistan Wars from 2001-2008
($752 billion according to CBO*)
- The stimulus bill
($787 billion over ten years, from CBO*)
- The entire domestic output of South Korea last year
($832 billion says the World Bank)
The Congressional megadeal on taxes and unemployment
is slated to add some $857 billion to the US debt
in just two years.
| * |
Congressional Budget Office
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cf. 214
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