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Old 01-27-2009, 03:07 PM   #3 (permalink)
dippin
Crazy, indeed
 
Location: the ether
Yes, counter-cyclical deficits make a lot of sense. That is one of the often unnoticed problems of the Bush years. Massive deficits during expansions not only help foster the bubbles, but make things that much harder during downturns.
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