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But the chart does suggest that the Reagan-Bush era was much more damaging to the US economy than was the Clinton era, at least from the point of view of debt. If there be such a thing as a "debt trap" then a metric of our progression towards it should be of use.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 22nd, 2010 at 11:33:08 AM EST
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