It is much easier to spend than it is to tax. So, deficits are almost hard-wired into the system unless there is a discipline.
Angus King: “It is much easier to spend than it is to tax. So, deficits are almost hard-wired into the system unless there is a…”
Editor's note · Context
Senator King discusses the tendency of politicians to favor spending over taxation, leading to persistent deficits.
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