In a very weak economy, when you say cut government spending, what you mean is youre laying off school teachers and youre de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and dont pay taxes. – Fareed Zakaria
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The Berlin Wall wasnt the only barrier to fall after the collapse of the Soviet Union and the end of the Cold War. Traditional barriers to the flow of money, trade, people and ideas also fell. – Fareed Zakaria
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But as the arms-control scholar Thomas Schelling once noted, two things are very expensive in international life: promises when they succeed and threats when they fail. – Fareed Zakaria
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