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To: icanhasbailout

Factual data?

How is it the rate of debt change collapsed starting with 2007Q1 when in fact it has skyrocketed? Currently 10% of GDP is debt spending - a huge number.


27 posted on 08/20/2011 6:28:17 PM PDT by DB
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To: DB

Hi DB, that chart represents ALL debt (from consumer to fed.gov), not just government debt. It is all the scarier when you realize that yes, government debt has been skyrocketing in a futile effort to stem the monetary effects of the popping of the housing bubble.


43 posted on 08/21/2011 4:17:06 AM PDT by icanhasbailout (Some people would believe Karl Marx was conservative if he had good hair and ran on the GOP ticket)
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