Why is that, and if that's the case, how come markets do not substantially demonstrate that vis-a-vis U.S. v. Japan?Starglider wrote:I don't think any economist or even reasonably intelligent person for that matter is going to claim there is an immutable, context-free threshold for sustainable debt/GDP. As you say there are a whole slew of reasons why the US is in a much worse position now than in 1945 - in terms of debt sustainability the US is in a significantly worse position than even contemporary Japan.
Houses agrees to raise debt ceiling, plan still sucks.
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Re: Houses agrees to raise debt ceiling, plan still sucks.
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"This statement, in its utterly clueless hubristic stupidity, cannot be improved upon. I merely quote it in admiration of its perfection." - Garibaldi in reply to an incredibly stupid post.
The Fifth Illuminatus Primus | Warsie | Skeptical Empiricist | Florida Gator | Sustainability Advocate | Libertarian Socialist |