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In the early struggles of America, the early Republicans and the early progressives did focus on long-term structural development. For repaying the debt from war of independence, the early leaders took measures to cut government spending and they had budget surplus. Meanwhile, the right to currency release was in the control of government.
However, nowadays, “Americans have been corrupted by the allure of debt, sacrificing future development for the sake of present spending and tax cuts.” The government should pay more attention to the sustainable development of the economic. There is no wonder that the government plays a very important role in our life.
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