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Recently, Congress approved the so-called “fiscal cliff” agreement. I voted against the final version of the deal. The reason is pretty simple: the agreement raised spending.
Again. Indeed, its passage seems to reaffirm a disturbing truth about today’s Washington: compromises always lead to more spending, more debt, and too often, more taxes.
Last week we added $330 billion to the national debt with new spending programs. At best, we have no plan for ever repaying that money; at worst, we have no intention to ever pay it back.
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