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...Dean is the nominee, Republicans will inevitably portray him as a tax-raising, soft-on-terror liberal with a chip on his shoulder and no substantial alternatives to what Bush is doing. Dean intends to help remedy his where's-the-beef problem and sketch out his vision for the country with two major speeches this week. In a foreign-policy address on Monday in Los Angeles, he will call for "a new global alliance to defeat terror" and advocate a tenfold increase in funds spent on finding and eliminating unguarded nuclear, chemical and biological materials left over from...

Author: /time Magazine | Title: Campaign '04: Thanks, Al. I'll Take It From Here | 12/22/2003 | See Source »

...agreement with the opposition Christian Democrats on a package of long-awaited economic reforms in mid-December, you might have expected German businesses to leap with Christmas joy. But despite lowered nonwage costs for employers, they're not all happy. Why? To help pay for a €7.8 billion tax cut, the compromise reduced federal subsidies to new home buyers (by 30%) and commuters who drive to work. "Business will go down, but we're not sure by how much," said Mario Wanke, who owns a home-construction company in Neubrandenburg . The shrinking...

Author: /time Magazine | Title: Biz Watch | 12/21/2003 | See Source »

Republicans—with complacent Democrats at their side—have evidently stumbled upon the golden era in politics in which the prevailing wisdom is more programs and fewer taxes. Congress is taking a loan from its kids to have its cake and eat it too. Together, a lagging economy, $350 billion in tax cuts, $400 billion in Medicare reform, and $20 billion for new schools (in Iraq), new hospitals (in Iraq), and a new energy grid (in Iraq) have made Bush a master magician of disappearing surpluses. As Baby Boomers approach retirement age in the next decade, rising...

Author: By Michael B. Broukhim, | Title: Rock the Debt | 12/16/2003 | See Source »

...group’s numbers are political hyperbole, the groups warn their projections “may understate the gravity of the deficit problem—and the damage that current budget policy is inflicting on future generations.” Who’s up for another tax...

Author: By Michael B. Broukhim, | Title: Rock the Debt | 12/16/2003 | See Source »

...saying in a recent Fox News interview, that Congress was spending “like a drunken sailor.” But with the 2004 elections around the corner, these voices will fall largely on deaf ears, as campaigning politicians will be hard-pressed to advocate spending cutbacks or tax increases...

Author: By Michael B. Broukhim, | Title: Rock the Debt | 12/16/2003 | See Source »

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