"It's hard to take seriously that a nation has deep problems," a former French Foreign Minister once said of the U.S., "if they can be fixed with a 50¢-a-gal. gasoline tax." True, at this point it will take more than a 50¢ gas tax to cure the deepest problem facing American government: its massive federal indebtedness. But not very much more. The Senate budget plan balances the budget in seven years by reducing the increase in federal spending from 5% a year to 3%. Even the radical attack on Medicare turns out to be a cut in the annual spending increase...
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