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Predicting the economy's rate of recovery - Input Junkie
August 17th, 2012
11:00 am


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Predicting the economy's rate of recovery

(20 comments | Leave a comment)

Date:August 20th, 2012 09:07 am (UTC)
I think the slow recovery has many reasons. Reinvestment of profits over seas, lack of investment in infrastructure and education, and the previous prosperity being an illusion created by maxing out our credit cards being my three favorites. The newest that I read about was how rich people who got tax breaks bought Treasury bonds with that money, T-bonds that the government sold to raise money to cover the tax cuts, and then the rich guys get paid back with interest with money that came from middle class tax payers, who then don't have money to buy goods and services.
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