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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (713234)5/4/2013 3:53:02 PM
From: i-node  Respond to of 1579092
 
So you agree that high debt to GDP does not necessarily lead to a failing economy.

And, by extension, austerity measures are not helpful when the economy is recovering.

The people looking at our debt are consistently, in lock-step, vastly undercounting it, as I've pointed out to you.

When debt is a large multiple of GDP, as ours is, it is a huge, if not fatal, problem.

As to "austerity", I'll let you know when I see some. To date, it hasn't happened.


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