Monday, September 19, 2011

No way out

Everyday I'm reading that the world economy is tottering on its feet. It cannot sustain the way countries are spending their borrowed money away. They might end up defaulting on their payment. There have to be a determined effort to cut spending, go on an austerity drive. But doing so will only make it worse. People will be out of job, there'll be less money to spent, businesses will suffer etc. etc. So what's the way out?

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