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Throwing Water on a GREECE Fire – An Explosive Action
- February 22, 2012
- Posted by: Ted Bullen
- Category: Banking, Economy, Government, Monetary Policy, News, Public Sector
No CommentsIt is common knowledge that if grease gets hot enough (above 600 degrees Fahrenheit,) it will catch fire. It is also common knowledge that such a fire is best extinguished by taking measures to smother the flames, and NEVER to throw water on such a fire. If such a mistake is made, the result is
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Can GDP Growth Outpace Spending in Order to Reduce the Deficit?
- June 28, 2010
- Posted by: Ted Bullen
- Category: Economy, Government, News
No. That means that increased taxes and austerity measures are on the horizon, though such action is beyond the policy and historical practices of our government. Yesterday, the G20 published a communiqué endorsing a goal of cutting government deficits in half by 2013 and reducing the ratio of public debt to gross domestic product by