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View Diary: President Obama's Opening Move: Raise $1.6 Trillion In New Tax Revenue From The Wealthy (222 comments)

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  •  With a growing economy and a balanced budget, (0+ / 0-)

    that debt will, however, start shrinking relative to the GDP.

    Even if the deficit is at one to two percent of the GDP, it should shrink.

    Inflation ia a debt-killer in the long run, after all, and a growing economy means the GDP grows.

    "A candle loses nothing by lighting another candle" - Mohammed Nabbous, R.I.P.

    by Lawrence on Wed Nov 14, 2012 at 09:44:25 AM PST

    [ Parent ]

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