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review by JSMaresca. July 26, 2011

posted in Cafe Libri: Reviewing Books & More

To Raise or Not to Raise the Debt Ceiling and How to Stabilize Debt Over Time

The most persuasive reason to increase the public debt is that the population has grown from 180MM people in 1960 to over 300MM today. A larger population means more infrastructure and social service needs. Other reasons to increase the public debt include payment of current expenses, additional targeted stimulus for small business and out of the norm requirements to wind down ongoing conflicts in Iraq and Afghanistan. The … more

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