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A decrease in the growth rate means that workers will receive lower salaries, resulting in lower productivity. If budget deficits are decreasing private investment, America's economy will weaken.
Greg argued that everyday we are increasing our national debt and that President Bush is running our country on budget deficit. This is dramatically increasing our nation's debt. Greg asserted that income tax is not enough to support our nation, considering we are the most powerful country in the world. Greg ended his speech by stating that the federal government needs to reduce their spending so there can be more private spending, which will strengthen America's economy...
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