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Old 03-03-2009, 06:04 AM  
slapass
Too lazy to set a custom title
 
Join Date: Nov 2002
Location: Earth
Posts: 14,627
Quote:
Originally Posted by Ethersync View Post
I know my history very well actually. Give some examples of government spending pulling countries out of recessions. This should be fun...

Yes, our national debt is a huge problem. One benefit we have is that our debt is all denominated in dollars. The risk is not that we default, but rather that we destroy our currency.
United states - great depression
Germany - Rise of Hitler
Japan - did not do this as they run about 100% of GDP as the national debt and did not have the option.
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