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Good question: Would raising taxes on wealthy put dent in national debt?

Jay Kiedrowski says taxing the rich would not be enough to substantially shrink national debt.

"We need to cut spending, we need to raise additional taxes, and we need to get the economy growing again," said Kiedrowski. "If the economy were to grow, that will shrink the deficit fairly rapidly."

WCCO-TV
December 3, 2012

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Hubert H. Humphrey Institute of Public Affairs