Monday, August 1, 2011

National Debt
CQ Researcher
  • Clemmitt, Marcia. "National Debt: Are higher taxes needed to reduce the debt?" CQ Researcher 18 Mar. 2011.Washington is wracked this year by intense budget politics. Spurred by the conservative Tea Party movement, Republican lawmakers point to the federal government's $14 trillion debt as an emergency that demands big cuts in domestic programs, including Social Security, plus tax cuts they say will spur economic growth. But Democrats say government spending is needed to sustain the economy while the private sector struggles back to health.