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Posted to rec.crafts.metalworking
Jim Jim is offline
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Default Who got a raise?



"F. George McDuffee" wrote:

Now we know where the tipping point lies. Debt becomes
poisonous once it reaches 80pc to 100pc of GDP for
governments, 90pc of GDP for companies, and 85pc of GDP for
households. From then on, extra debt chokes growth.


The federal debt was 122% of GDP in 1946
Did debt choke growth in the years that followed?
Was the debt poisonous?