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> the government shuld have reacted and cut spending (or collecting more taxes). Any economist will tell you that the worst time to do that is in the midst of
by streptomycin 14y ago
> the government shuld have reacted and cut spending (or collecting more taxes).
Any economist will tell you that the worst time to do that is in the midst of a horrible economic slump.
- nickik 14y ago1. Not every economicst will tell you that 2. Like we can see in spain or greek, not cutting it right away can have very bad consequences 3. The slump has been much worse by the thread of defaulting countrys. This would not have happpend if they had cut when they started to get a bad deficit.