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paradox of thrift

Posted by MichaelChabler on June 22, 2010 at 10:22 PM

If we don't fix the economy first, the national debt will continue to grow. We could fall into a tailspin where we keep cutting budgets and the economy keeps getting weaker. Thus, revenues keep falling and budgets are subsequently cut some more. This cycle could continue while the national debt, the thing we have been trying to get a handle on, keeps growing.


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Categories: Other, Financial

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