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Borrowing Our Way Out of Debt


What no politican will say:

“American consumers are awash in debt, drowning in it. This is the fundamental issue with the stimulus proposal. We’re trying to borrow our way out of debt. Unfortunately, we need a recession…It’s theoretically possible for an intelligently-designed stimulus action to help smooth this landing a bit, but we can’t avoid a painful adjustment…” Jim Manzi

Tags: Activism

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