The problem of too much debt is not solved by more debt

Jim Rogers : they (Europe) going to announce some good things and it is going to make everyone feel better for a while, but eventually a month six weeks two months from now three months from now people are going to say, wait a minute, we're back where we are. things are worse than they were before. Maria, the problem of too much debt is not solved by more debt. this is ludicrous - in CNBC 06 Dec 2011
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