Word: bussman
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Dates: during 1987-1987
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...trillion, or almost twice the country's gross national product. "The increase of real debt ((adjusted for inflation)) occurred at about the same pace as real GNP growth during the '50s, '60s and '70s. But in the '80s it has occurred at double the rate," notes W. Van Bussman, a corporate economist for Chrysler. The current levels of debt might be supportable if good times went on forever. But during a recession the cascade of defaults would aggravate an economic downturn...
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