Think Progress » The economic costs of war.

here's one of the reasons that an increase in taxes is, in my mind, inevitable. that doesn't mean that EVERYONE will have to pay more taxes, it's just that we're going to need to both decrease spending (getting us out of Iraq will be a huge help here!!) and increase revenue.
i'm a bit more likely to trust the guys at goldman and nobel winning economists then the white house on issues like this.

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