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Peter Morici: Supersized government spending could cost Americans $850 billion in higher taxes, more inflation and lost benefits

Deficit puts dollar’s global dominance and U.S. living standards at risk. Americans enjoy lower taxes, bigger entitlements programs, and a strong currency that collectively is worth about $850 billion a year. As economies grow, a government can finance some additional spending by adding to the money supply at about the same pace without

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Posted: June 18, 2024 Tuesday 07:05 AM