But the deficits are future taxes. Whether you are taxing today, or you are taxing tomorrow, which is what we call a deficit, you are still taxing and those are the two ways that you pay for spending. So it seems to me, that with apologies to the Clinton campaign, it's the spending, stupid.
Editor's note · Context
McClintock argues that deficits are essentially future taxes and emphasizes the importance of controlling spending.
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