Wednesday 10 February 2010

Moneynews

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Laffer: Obama Budget Is Plan for Catastrophe


Economist Arthur B. Laffer, head of the Office of Management and Budget under President Ronald Reagan and founder and chairman of economic research and consulting firm Laffer Associates, says President Barack Obama’s proposed budget “is the perfect plan for catastrophe.” He said the budget blueprint puts a greater burden on people who work and gives more money to people who don’t. 

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