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Paul Krugman: Nobody Understands Debt

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When people in D.C. talk about deficits and debt, by and large they have no idea what they're talking about -- and the people who talk the most understand the least. amilies have to pay back their debt. Governments don't -- all they need to do is ensure that debt grows more slowly than their tax base.

Read the rest of the story HERE:

At www.nytimes.com

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