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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.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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