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A comment on Wall Street Banks Warn Downturn Is Coming. Parent comment

Re:Wall Street Banks Warn Downturn Is Coming by anigbrowl on Thursday August 24, 2017 @03:44PM (#15093365)
Simply not true. A good contemporary example is the governor of California, Jerry Brown, who has been vigorously defending the accumulation of surplus in the name of fiscal rectitude for the last several years.
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Re:Wall Street Banks Warn Downturn Is Coming by lend000 on Thursday August 24, 2017 @05:29PM (#15094218)
Not all Keynesian fantasies go on forever. If we are not careful (which we aren't), then at a certain point, those interest payments become a runaway expense. See Puerto Rico. California is not exactly a model of fiscal excellence -- they're in big trouble with pension obligations, amongst other things.
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