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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (704925)	3/19/2013 6:09:58 PM
From: SilentZ	1 Recommendation Read Replies (1) of 1571819

>Because when those jobs are "created or saved" at the expense of fiscal stability, economic recovery is impossible to maintain. >John Fowler used to complain about the "credit card economy" and how deficits of $400B/year was pumping funny money into the GDP. >Tell me how his argument doesn't apply today, especially now with the deficit pumping over $1T/year in funny money. Oh wait, never mind, as long as that money is going toward liberal programs, it's all OK ... There's good borrowing and there's bad borrowing. Buying a house? Going to school? Potentially good borrowing. Dropping bombs on people's heads? Shoveling cash at corporations? Bad borrowing. And the deficit is dropping a lot, btw... it's down to about 60 percent of what it was at the bottom of the economic crisis. -Z

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