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Re: Mpower post# 15297

Thursday, 02/11/2016 2:44:48 AM

Thursday, February 11, 2016 2:44:48 AM

Post# of 20689
I spoke factually, you did not. The improvement came after a major economic collapse based on a faulty housing market built on Wall Street actions that should be criminal.

I just told you that Europe did not have an easy fiscal policy and d the US stopped quantitative easing and finally raised interest rates a bit. Oil prices are very low now, which has created a major windfall for oil consumers. The US savings has gone up and debt levels decreased in a large part due to the oil drop. The US budget deficit has been dropping as well. There are real improvements in the overall economy and the lowering unemployment rate.

Is everything perfect with smooth sailing ahead? Of course not as there are real problems, as there always are. The deficit is still too high and a combination of tax increases and some spending cuts, preferably in the defense budget, are needed.
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