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Monday, December 09, 2019

Pawlenty Embraces Republican Fuzzy Math

Former Minnesota Governor Tim Pawlenty called for massive corporate and income tax cuts yesterday, as he continued the roll-out for his 2012 presidential campaign with a economic policy speech at the University of Chicago. The Republican candidate stuck to a familiar playbook from the Bush years by promising really low taxes (lowering corporate rates from 35% to 15%) and a lot of economic growth. He also implied — but didn’t openly say– that cutting taxes would allow the government to collect more money. “If we’re talking about tax cuts paying for themselves, I hope we don’t go there,” worried former McCain and Bush economic adviser Douglas Holtz-Eakin. [WSJ]

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Gen. Glen VanHerch

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Three Chinese spy balloons traversed United States territory unseen during former President Donald Trump's presidency due to a "domain awareness gap," CNN reports.

U.S. Air Force General Glen D. VanHerck, who serves as commander of U.S. Northern Command and North American Aerospace Defense Command, confirmed to CNN that the successful balloon transit was due to the domain awareness gap but also said he did not "want to go into further detail."

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