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11-02-2007, 08:12 PM
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King Of Wishful Thinking
Join Date: Jan 2001
Location: Philadelphia Suburbs
Posts: 6,669
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The National Debt
I had a conversation with a co-worker in which I mentioned the national debt.
She took the line that the national debt vs GDP is actually low and better than many EU nations. This is the theory put forward here, where the author doesn't see any issues until the debt/GDP rations is %75! So, is this guy out to lunch or is he correct? Personally, if my credit card debt were %75 of my income, I'd be in deep trouble.
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Exercise your rights and remember your obligations - VOTE!I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. -- Barack Hussein Obama |
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