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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (71704)	10/12/2006 8:50:26 AM
From: forceOfHabit	Read Replies (1) \| Respond to of 110194

Fin, I really don't want to get too deep into economics because I recognise how little I know about the topic. Its true (I think) that Keynes said during a recession or a depression governments should not worry about deficits. But we haven't been in a recession or a depression recently. And Keynes' idea was (I think) that during a strong economy the government should be paying down debt so it had a healthy balance sheet ready for the next recession. This is emphatically NOT what Bush and Co. have been doing, and we will all pay the price. foh