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<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'>So the Democrats win both houses and this is what we get from one of
the most visible <st1:place w:st="on"><st1:State w:st="on">Washington</st1:State></st1:place>
'progressive' economic voices?<o:p></o:p></span></font></p>
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10.0pt'><o:p> </o:p></span></font></p>
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10.0pt'><o:p> </o:p></span></font></p>
<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'>The High Dollar: President Clinton's Unaffordable Tax Cut <o:p></o:p></span></font></p>
<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'> By Dean Baker<o:p></o:p></span></font></p>
<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'><o:p> </o:p></span></font></p>
<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'><a href="http://www.truthout.org/docs_2006/111506P.shtml">http://www.truthout.org/docs_2006/111506P.shtml</a>
<o:p></o:p></span></font></p>
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10.0pt'><o:p> </o:p></span></font></p>
<p class=MsoPlainText><font size=2 face="Courier New"><span style='font-size:
10.0pt'>"Tax cuts reduce revenue, which leads to deficits and a growing
debt, which will impose a larger interest burden on the country in the future. In
the same way, an over-valued dollar leads to a trade deficit, which results in
borrowing from abroad. In future years, the country will have to pay interest
on the money it borrows from abroad today, leading to lower living standards in
the future."<o:p></o:p></span></font></p>
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