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Politics

Banks profit off of deficit - Reduction

Posted: Mar 19th, 2019 - 9:44 am

Deficit reduction produces increase in private debt (  yours, mine, society), until we can't  take on more...production fall, layoffs...recession.  

 

As a result of above...Government deficit increases with offering aid, NOT healthy growth by spending for public purpose and growing the economy.  

 

This whole neoliberal  model of deficit reduction results in wage suppression also.



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