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View Diary: How much longer can the Austerians and their puppets go on with their failed policies and lies? (125 comments)

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  •  But that's not how it works either (2+ / 0-)
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    mrkvica, Azazello

    First: if the US economy grows at the same rate as the debt does, so that the debt is a constant percentage of the GDP, then there is no problem here even with your preconceptions.

    Second: since the vast bulk of US debt is held by US citizens/companies/etc, we export dramatically more than we need to in order to keep up with foreign-held debt.

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