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Debt, Democracy and the Welfare State - Are Modern Democracies Living on Borrowed Time and Money? (Hardcover)
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Debt, Democracy and the Welfare State - Are Modern Democracies Living on Borrowed Time and Money? (Hardcover)
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Why is it that government debt in the developed world has risen to
world war proportions in a time of peace? This can largely be
attributed to governments maintaining welfare expenditures beyond
what tax revenues allow. But will these governments refrain from
doing what is necessary for economic growth for fear of losing
their electorate?
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