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Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it. ↗
Since Obama has expressed admiration for the portrait of Abraham Lincoln that Doris Kearns Goodwin paints in 'Team of Rivals,' he could do the 16th president one better: He should name Hillary Clinton as his running mate in 2012. That would be both needed change and audacious. ↗
