tag:blogger.com,1999:blog-7658874470833994309.post7386345053861795756..comments2023-10-20T10:46:21.208+01:00Comments on Knowing and Making: Is the Ponzi game over?Leigh Caldwellhttp://www.blogger.com/profile/16150868700502562500noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7658874470833994309.post-70211971606698907062010-01-07T13:55:00.553+00:002010-01-07T13:55:00.553+00:00I'd agree with you broadly.
Having said that,...I'd agree with you broadly.<br /><br />Having said that, there is a distinction between reducing the ongoing annual deficit (so we are not building up even more debt) versus repaying the debt that is already accumulated.<br /><br />It is reasonable to say that in the long-term the government shouldn't incur new debt of 12% every year. But nobody is arguing for this anyway.<br /><br />I&#Leigh Caldwellhttps://www.blogger.com/profile/16150868700502562500noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-42358058190108518262010-01-07T12:32:18.736+00:002010-01-07T12:32:18.736+00:00Interesting article. I have listened to the conse...Interesting article. I have listened to the conservatives bang on about the public sector debt and the wailing and gnashing of teeth with increasing frustration. I have yet to hear anybody in the Conservative Party explain in a clear and logical fashion why the current level of debt is 'unsustainable'. Similarly, I really do not understand the haste with which they want to repay the Anonymousnoreply@blogger.com