Fiscal competition and economic freedom


Fiscal competition and economic freedom

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$ 2.1 trillion

Saturday 19 February 2011

This is the tax revenue expected by the USA this year, while interest payments on the publicly held debt will be about $200 billion. Contrary to the statements of the Treasury Secretary Timothy Geithner, those figures exclude any risks of default. His position rather looks like an irresponsible political game aiming the increase of the debt limit…

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