April 21, 2012

THAT’S THE “NONPARTISAN CBO” SPEAKING: CBO: Obama Budget Would Reduce Economic Growth. “Larger deficits caused by the budget would cause the government to issue more bonds, sucking up private capital to finance its debts and thereby reducing the funds businesses could use to expand and hire, the CBO said. An increased tax on capital gains included in the president’s plan would also tend to reduce private capital, it says.”

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