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We are in a whole heap of s**t sasguru, and no mistake.
A 15% deficit is disastrous. I still don't think people have grasped that yet, nor grasped why it must be reversed.
The government is being attacked by a growing number of economists from all sides for not taking their (enormous) structural deficit seriously. The truth is, they don't know how to, since spending public money on their non-productive 'projects' is their raison d'etre.
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