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Taxes rising faster under Obama than under any other president

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President Obama bragged during his Tuesday speech in Phoenix, Arizona, that “Our deficits are coming down at the fastest rate in 60 years.” And it is true: deficits as a percentage of gross domestic product are falling faster under Obama than they have at any point since the end of World War II. However, when the federal government’s deficit fell from 30.3 percent of GDP in 1943 to a...