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I think he is saying "correlates" with an accent. The texts are not even close to the correct answers. I used otter. These texts here seem to have been automatically transcribed, because there are so many errors. If anybody just copy paste this, this is gonna be a real disaster.
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My audio starts with " and the data is their and they came to that conclution the head of the CDC" Help please. Did you get it? I need it too. Please everyone help me to get the transcript of this audio.
Myself have one that involves a conversation between two or more people about economy it starts "you talked There you go man; and you talked about the response to the financial crisis and perhaps not enough deficit spending as your response.
My question is, are deficit spending and increased taxes on the rich tools that should be used in conjunction? Can you talk about their applications and their uses are together or alone?
Okay, let me give you-- I've been trying to figure out-- how should we pay for a progressive agenda? Put it that way. There is a bunch of things that we should be doing. We should be clearly spending quite a lot more, especially on children, and we need to be spending on infrastructure, and there is a whole bunch of things. And then, we are talking significant amounts of money, and I would say that anything that can be reasonably considered to be an investment in the future it's okay to finance with deficits.
Real interest costs for the US are very, very low. Interest rate is below the growth rate of the economy. If you got people like Olivier Blanchard and Larry Summers saying that the deficit fears have been vastly overblown, I think we're in a situation where we shouldn't be worrying much about deficits.
However, that doesn't mean that you can completely blow it away, and so pieces of that program that would require sustained spending and are really more about social justice than about coalesce as thus both investment and social justice but there is also [inaudible] and I would say that you want to pay for the social justice part by higher taxes on the rich.
So the two do go in conjunction. But a combination of deficit spending on investment and taxing the wealthy to pay for social programs is the way I would go. When you talk about the inner section of trade and corporate taxes, and tax avoidance, it seems like we are in an endless game of whack a mole with a very inadequate hammer, and I want to understand what the whole picture needs to look like if you could design it.
So obviously corporate taxes were collecting a significant amount of money despite all of that. It is paramount for us to ensure your satisfaction with the completed transcript and we are sorry to hear if you are not happy with the final output.
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