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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (96720)12/11/2010 7:07:38 PM
From: tonto1 Recommendation  Read Replies (1) | Respond to of 224748
 
Kenneth, learn to think responsibly. The debt is higher than it should be and it will be a serious problem.



To: Kenneth E. Phillipps who wrote (96720)12/11/2010 7:21:18 PM
From: grusum  Respond to of 224748
 
If the debt goes up but the economy grows faster then the debt, that is a good result. Its the debt, as a percent of GDP, that is really significant.

gdp is a measure of consumption. normally high gdp is good, but our gdp is artificially high in large part due to debt fueled spending. and debt fueled consumption is a BAD thing, not good. it is unsustainable, as you and the rest of the keynesians are about to find out.


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