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One of the biggest differences between the current recession and those of the past, including the Great Depression, is the breadth of the problem. Many nations are feeling the pain. Wharton panelists recently sat down to discuss the long-term global repercussions of the crisis.
It all comes down to this: if the government spends less than it's receiving in revenue, everything is in order. If it spends more, that's a danger signal.
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