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U S must eliminate deficit and regain independence
Paul Shawver argues during the Reagan era the U S moved from creditor to debtor nation due to Japan's heavy purchase of Treasury securities. He proposes tax increases and spending cuts to reduce the deficit, curb foreign influence, and restore fiscal independence with measures like higher gasoline taxes, defense cuts, Social Security adjustments, and limits on campaign spending.
MENTIONED IN THIS ARTICLE
United States
U.S
Japan
U.S. Treasury
Europe