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View Diary: You can't borrow your way out of debt- what? (44 comments)

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  •  that's too glib (0+ / 0-)

    Half of Japanese govt debt is "owed" to the central bank which, of course, remits interest payments to treasury. So debt service is not bad at all

    But I agree, it depends on what you spend it on.

    There are long term problems with the US economy that cannot be fixed by short term stimulus, but letting a recession turn into a depression won't help either.

    self-appointed intellectual cop

    by citizen k on Sun May 12, 2013 at 08:21:41 PM PDT

    [ Parent ]

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