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Alberto Alesina writes in today's Wall Street Journal that cutting taxes rather than more government spending is the way to go if the wish truly is to restore vigor to the economy.  Here are his concluding paragraphs:

Europe seems to have learned the lessons of the past decades: In fact, all the countries currently adjusting their fiscal policy are focusing on spending cuts, not tax hikes. Yet fiscal policy in the U.S. will sooner or later imply higher taxes if spending is not soon...