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When Fiscal Policy Meets Mathematical Reality

Photo by Darren Halstead / Unsplash

By Sita Nataraj Slavov, Project Syndicate | March 11, 2025

Republicans and Democrats today both make the same mistake: they insist on letting voters to believe that they can maintain a large welfare state without imposing the requisite level of taxes on the broader public. Yet this head-in-the-sand approach to fiscal policymaking obviously cannot go on forever.

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