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Note:  The following letter is co-signed by 185 of the nation's economists including Dr. Sanjai Bhagat, Provost Professor of Finance, University of Colorado, and Contributing Editor to A Line of Sight.  http://sanjaibhagat.com  Further information is available from the National Taxpayers Union, click here.  An Open Letter to Congress: December 11, 2012Dear Members of Congress:As the nation approaches the so-called "fiscal cliff," we, the undersigned economists, urge Congress to carefully consider the relative merits of tax increases and spending restraint. Increasing taxes would likely slow or reverse our nation's fragile economic recovery and undermine long-term growth. Restraining the growth of expenditures,...

Today's Remarks By John Kerry It is interesting to note that John Kerry's delivered remarks today differed in an important way from his prepared remarks. As Delivered:"Our plan will cut the deficit in half by four years – the same thing that we set out to do in 1993, and I was there and I voted for it, I know how we did it. And we're going to end the tax giveaways that are nothing more than corporate welfare." As Prepared:"Our plan will cut the deficit in half in four years by ending tax giveaways that are nothing more than...