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Politicians beware: deficits eventually bite

Financial Post: "But whether taxes come from inflation, from automatic increases in revenues or from higher tax rates, they hit people in the pocketbook. Governments think they can spend willy-nilly by pulling the wool over taxpayer’s eyes. When people start having trouble with their own household budgets, politicians had better watch out. That’s the danger when freewheeling governments ignore the cost of deficits, taxes and inflation."

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