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CommentPlus: pick of the papers

The ten must-read pieces from this morning’s papers.

1. We can survive a dip but we risk a fatal plunge (Times)

Anatole Kaletsky warns that if growth falters and the coalition doesn't moderate its macho cuts, a vicious downward spiral beckons, which could start a prolonged, potentially catastrophic recession.

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2. It's time to stand up to the Treasury (Independent)

Christina Patterson urges Iain Duncan Smith to hold his ground in his row with the Treasury over funding for his welfare reforms.

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3. A Lib Dem civil war? Surely we're forgetting something (Guardian)

John Harris looks ahead to potential tension at the Lib Dem conference. That the party has delivered power will probably be more than enough to keep a lid on any trouble.

4. Bush tax cuts for the rich must go (Financial Times)

By letting the tax cuts for the top 2 per cent of households expire on schedule, say John Podesta and Robert Greenstein, policymakers can continue to help middle-class families while harvesting low-hanging fruit on deficit reduction.

5. Parties must abandon the sordid dash for cash (Times)

MPs waste too much time sucking up to rich donors, says Alice Thomson. No one gives money to a political party unless they expect something in return -- which is exactly what they get.

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6. In the name of purity, public funds are wasted on the rich (Guardian)

From IVF to universities and museums, says Simon Jenkins, Britain's aversion to charging for services punishes women, students and the poor. Charging, paying and pricing must not be seen as morally corrupt.

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7. The myth of the forgotten middle class (Independent)

There is no danger that politicians will forget the concerns of the middle class, says the Labour leadership hopeful Diane Abbott. Only when the party leaves the "New Labour" era behind will voters of all classes trust it again.

8. There is an alternative to a shrivelled Britain (Times)

Another Labour leadership contender, David Miliband, argues that it's not denial to reject the coalition's plans on deficit reduction. It is Labour's duty to expose the risks of economic masochism and the "big society".

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9. We need states to be smarter, not bigger (Financial Times)

Ajay Chhibber, UN assistant secretary general, asks what the appropriate role of the state is after the financial crisis. It has reached its size-limit in the developed world, but could up its role in finance.

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10. Deluges after the deluge (Guardian)

Catastrophic floods in Pakistan are likely to recur, warns Julian Hunt, as global warming combines with El Niño, a climate pattern that occurs across the tropical Pacific Ocean every five years on average.

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