George perendia

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  • The above graphs show rapid rise in US public debt frm 30% of GDP to around 60% during Reagan adminstratin in those very same early 1980’s, rising further untill Clinton adminstraation inceased taxes and started reducing the debt in absolute value (left diagram) and as a percentage of GDP (right diagram). It reached its recent minimum in the 2nd Q of 2001 – that is, just before the 2001 September 11 events and henceforth started its rapid growth ever since
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
  • On one hand, democratic governments had to spend more to please their voters and get re-elected and on the other hand (hand-in-hand), for the shear matter of credibility in their own publicised policies, the governments had to do what they also wanted themselves to do: to spend and borrow at a hight of their current incomes and resources, (rationally?) expecting that the perpetualy high growth and the low repay interest rates that will bring sustainability to their excessive borrowings
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