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"...The fact of the matter is that American politics is built on economic myths of both parties. The myth of the right is that tax cuts solve all problems, since we don't need government anyway, and even if we do, the tax cuts pay for themselves. The myth of the Keynesian left is that tax cuts and temporary spending increases (aka "stimulus") solve all problems since they stimulate aggregate demand. The ensuing debt doesn't matter and should be ignored. This bipartisan fantasy of tax cutting and debt build-up has led us to a blind alley..." (Jeffrey Sachs, economista)