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by akamaka
198 days ago
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Both of the charts I posted have GDP as the denominator (although I incorrectly said the first was “share of budget”). I think it’s very important to use GDP as a denominator, because otherwise you’ll be stuck crying wolf, saying “debt always keeps going up” even during the good times. There are a lot of people who simply don’t believe that the government budget needs a trim right now, because people have been continuously saying there was a debt crisis even when the financial situation was relatively favorable. |
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