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Steve Fleischer's avatar

"How did you go bankrupt?"

"Two ways. Gradually and then suddenly."

Hemingway.

Nobody really knows, but Paul Kennedy gave some insights into how bankrupt empires decay.

Won't be pretty for Americans, especially poor Americans.

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Andrew Ordover's avatar

It's a little unfair to blame the presidential candidates for telling us lies about debts and deficits. If they told us the truth, they'd never end up as the nominees of their parties. The fault is not in our stars, but in ourselves. We elect what we want to hear.

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