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No Reason to Subscribe to Fortune

Published on January 16, 2013 By bmagnus

Let’s cut to the meat: [I]f America fails to enact historic, structural reforms in spending, an entirely new source of revenue will be needed. And it’s likely to be enacted in haste and near-panic, as the only option to forestalling a crisis. “The gap between revenues and outlays will be simply too large,” says J.D. […]