On the recordMarch 2, 2009
If Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable balance between revenues and outlays.
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congress.govIf Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable balance between revenues and outlays.
Bernanke emphasizes the need for fiscal sustainability and the implications of higher government spending.
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