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Do Worry



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In his Bloomberg View column today, Ezra Klein argues that we shouldn’t worry about the deficit because if Congress does nothing about it then a series of automatic expirations and budget mechanisms will take effect that will result in (by far) the largest tax increase in American history and huge defense cuts that will buy our ballooning entitlement state a few more years of breathing room to avoid reform. That certainly seems like an odd reason not to worry.


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