Skip to main content

View Diary: Taxed Enough Already? Sounds crazy, but it might be true. (45 comments)

Comment Preferences

  •  To a Point (1+ / 0-)
    Recommended by:
    DBunn

    You're correct, to a point.

    But when you stop growing, the model falls apart.

    As much as Greece owes, if it were growing at a 5% clip, the bond markets would still be open to it.

    But as growth stagnates, what was recently viewed as a sustainable debt load is rendered onerous.

    That's why icemilkcoffe's comment is so important.

    GDP grows in two ways, workforce and productivity.

    Many European countries have stagnant population growth.

    That's why they need productivity.

    Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project. http://www1.hamiltonproject.org/es/hamilton/hamilton_hp.htm

    by PatriciaVa on Tue May 04, 2010 at 01:17:07 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (129)
  • Community (65)
  • Bernie Sanders (44)
  • Elections (40)
  • 2016 (38)
  • Climate Change (33)
  • Environment (32)
  • Culture (31)
  • Hillary Clinton (29)
  • Science (26)
  • Republicans (26)
  • Media (25)
  • Barack Obama (24)
  • Civil Rights (24)
  • Education (22)
  • Law (21)
  • Trans-Pacific Partnership (21)
  • Economy (19)
  • Congress (17)
  • Labor (16)
  • Click here for the mobile view of the site