1. 2012 looms as a test of competing economic theories - USATODAY.com

    2012 looms as a test of competing economic theories - USATODAY.com
    The GOP is united in its support of a conservative template of tax cuts, spending cuts and reduced regulation to get the economy moving... In 1980, Republican presidential hopeful George H.W. Bush ridiculed rival Ronald Reagan's proposals as "voodoo economics." In 1996, Bob Dole warned that Steve Forbes' plan for a flat tax would send the deficit soaring.
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    1. There's basically going to be a debate about the fundamentals of economic philosophy.
    2. These global spending caps may sound nice, but they magically assume away challenges we know we'll be facing.
    3. People who say it is not are using that as an excuse to avoid making the tough decisions.
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