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Politics : Formerly About Advanced Micro Devices

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From: d[-_-]b	2/6/2009 12:50:03 AM
	1 Recommendation Read Replies (2) of 1575622

Japan's Big-Works Stimulus Is Lesson for U.S. By MARTIN FACKLER 10:20 PM ET Over two decades, Japan accumulated the largest public debt in the developed world while failing to generate a convincing recovery. nytimes.com; ...In the end, say economists, it was not public works but an expensive cleanup of the debt-ridden banking system, combined with growing exports to China and the United States, that brought a close to Japan’s Lost Decade. This has led many to conclude that spending did little more than sink Japan deeply into debt, leaving an enormous tax burden for future generations... Hat tip to: Lindy Bill Message 25390194

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