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Preparing for the Coming Economic Collapse
#62
The difference between the debt accumulated during WWII and today is that the economy following the war boomed and the national debt as a percent of GDP started falling sharply after the war's end.

In contrast, our economy is limping along, teetering on the edge of another recession (if not a depression) but President Obama and his Democratic supporters in Congress think that this country should be borrowing, taxing, and spending even more. The current level of fiscal irresponsibility is unprecedented in this nation's history.
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Preparing for the Coming Economic Collapse - by Hoot Gibson - 07-25-2011, 10:56 AM

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