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When your government is in debt ~120% to GDP, and that percentage is growing rapidly - it's a fool's errand to try to be fiscally conservative. However, if it
by onlyrealcuzzo 3y ago
When your government is in debt ~120% to GDP, and that percentage is growing rapidly - it's a fool's errand to try to be fiscally conservative.
However, if it starts to shrink - and you're leveraged to your neck in debt - buckle up.