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View Diary: President Obama is Right: We Need to Create American Jobs Now (40 comments)

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  •  As Robert Reich says, it's the deficit/GDP ratio (1+ / 0-)
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    ZedMont

    that's the problem.

    If we borrow to invest, then GDP will increase and the ratio will move in a positive direction.

    If we concentrate on cutting the deficit, at the expense of reducing investment and therefore GDP, then we are quickly worse off than we are now.

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