How to Pay For the F35s? Simple, raise taxes

The government's plan to spend an estimated $18 billion on a small fleet of combat jet fighters opens up two legitimate fiscal questions. The first is how will this exceptional purchase be paid for. The second question—which only comes along if there is no satisfactory answer to the first—is what other government services will have to be axed if new taxes are not levied to pay the bill?

Published: Wednesday, 08/04/2010 12:00 am EDT

The government's plan to spend an estimated $18 billion on a small fleet of combat jet fighters opens up two legitimate fiscal questions. The first is how will this exceptional purchase be paid for. The second question—which only comes along if there is no satisfactory answer to the first—is what other government services will have to be axed if new taxes are not levied to pay the bill?

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