In the aftermath of President Obama's big budget speech this week, liberals cheered while conservatives hissed. And Americans who are not partisan ideologues experienced an unhappy sense of déjà vu over the president's indignation over "tax cuts for millionaires and billionaires."As if our problems were really that easy. Receive news alertsThe mathematics of the enduring federal deficits? Yes, that part is so simple a fourth grader could master it: The U.S. Treasury will receive something just north of $2 trillion in taxes and other revenues this year, while the...
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