Tuesday, April 15, 2008

Unintended Consequences

Tell me grandpa, just exactly what would be the consequence of this?

AP) Republican Sen. John McCain on Tuesday called for a summer-long suspension of the federal gasoline tax and lower tax rates as the likely presidential nominee sought to stem the public's pain from a troubled economy.
Could it be that we would have increase gasoline consumption and even higher prices? Or how about a significant increase in the Federal deficit, particularly for infrastructure maintenance.

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