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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (123778)7/20/2010 2:13:36 PM
From: No Mo Mo1 Recommendation  Read Replies (1) of 132070
 
I find it ironic that he acknowledges the threats of global warming as well as the prescriptive cost that "...appears to be equal to foregoing, once in your life, six months’ to one year’s global growth – 2% to 4%, or less."

While, at the same time he advocates for continuing govt. spending. " My guess, though, is that the best course is less debt reduction now and a longer, slower reduction later. Overdoing it now may well cause an economic setback for an already tender and vulnerable global economy that might easily be enough to more than undo all of the benefits of debt reduction."

Cut the spending and you get a win/win.
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