Big new taxes. Big new spending. Big new government. This seems to be the proposed cure for the Wall Street-inspired recession.
The government now runs major banks and companies, and plans to take control of the American health-care system. And it aims to tax how energy in the United States is used to monitor carbon use.
But wait! Recent financial rescue and stimulus plans, together with other new government initiatives, have already led to the largest dollar deficits in American history, projected to be near $2 trillion at fiscal year's end.
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