Quote:
Originally Posted by slapass
Do you read any history or just spout what you want? Govt spending is a proven method of getting economies out of recession. The problem with the US is that GW and gang have been spending like drunken sailors for years and now to rachet it up is pretty scary. Our debt ratio as a percent of GDP is near WWII levels and pretty much on par with third world countries.
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I know my history very well actually. Give some examples of government spending pulling countries out of recessions. This should be fun...
Yes, our national debt is a huge problem. One benefit we have is that our debt is all denominated in dollars. The risk is not that we default, but rather that we destroy our currency.