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Robert Bixby

The U.S. Government As Subprime Homebuyer

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Edmund Andrews has a helpful piece in today's New York Times about some of the challenges our mounting debt pile will create in the next several years. And there's no doubt those challenges are significant. But, if you simply weigh all the data points in the piece, it actually makes a strong case that issuing all that debt amid the financial crisis and the recession was exactly the right thing to do. To wit:

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