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Originally Posted by !@#$%!
the usa also has had recessions that follow surpluses
ok let me look at that link you posted
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100% re: recessions. Australia had consecutive surpluses in the 1990s, where the economy was propped up by growing household debt and the mining industry. We didnt have a recession however have, according to some measures, the 2nd highest household debt:GDP ratio in the world as a result. If the government won't spend, the private sector has to go into debt in order to meet costs