Thread: Economics The Fiscal Cliff Approacheth
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Old 07-23-2012, 09:44 AM   #32
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Quote:
Originally Posted by FD View Post
Its a 3.9 percentage point reduction in growth, so a swing from +2% to -2%, more or less.
Not that the recent track record of the so called experts has been particularly stellar the last few years but, the difference between a change of 4% in the rate of growth and 4 % reduction of the total economy is a fairly large amount. At some point we will be spending more on just the interest on our debt than we have left for everything else if we continue spending as we do.
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