Thread: Deficit declines $100 billion
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Old Oct 19, 2004 | 12:24 PM
  #24  
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DakarM
 
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Originally Posted by qtiger
You're thinking of DEFICIT as a percentage of GDP, when what is being discussed here is DEBT as a percentage of GDP.


Very common mistake.

Deficit - This year's shortage
Debt - Total outstanding loans
Yep big :werd: right there.
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