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June 12, 2009

The Economist: On the Public Debt

See "The Biggest Bill in History" in this week's The Economist. It begins:

The worst global economic storm since the 1930s may be beginning to clear, but another cloud already looms on the financial horizon: massive public debt. Across the rich world governments are borrowing vast amounts as the recession reduces tax revenue and spending mounts—on bail-outs, unemployment benefits and stimulus plans.

Posted by JD Hull at June 12, 2009 10:27 PM


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