Graduateshotline >> GRE Word List Usage for profligacyEveryone in America pretty much agrees that our financial profligacy and devil-may-care attitude toward the national debt have landed us on the very threshold of the poorhouse. Whether it's Medicare, Medicaid, Social Security or bridges ... France typically outspends Germany by around €163 billion a year relative to the size of its gross domestic product, with little to show for its profligacy. It's a reminder that the euro zone's core has its structural problems, too. ... ... to the public sector, we still expect to suffer another deflationary bust that will take government bond yields to new lows before government profligacy and the Fed's printing presses take us back to both double-digit inflation and bond yields. ... |