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View Diary: Why The Debt Limit Fight Will Be A Political Face-Off With No Gimmicks Or Constitutional Crisis (208 comments)

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  •  I don't know which article that is. He's (0+ / 0-)

    fairly prolific in documenting his opinions.  Doing some googling I found him saying:

    I know basic economic thinking is that debt exceeding 90% of GDP measurably slows growth, consequently a position of 70% would give a safety margin.  My post was an expression of doubt that the competing interests will truely come to a solution to the ills rather a continuation of politics as usual.  (I did mean 7%, as in 1T is appx 7% of 14T)
    Having said that, since the wealthy require growth for their own self interests, perhaps there's enough motivation for them to actually give some ground on the revenue side.

    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking. A. A. Milne

    by Memory Corrupted on Mon Jan 14, 2013 at 08:03:28 PM PST

    [ Parent ]

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