This might be part of the problem. You're setting ideal numbers which ARE NOT ideal in responding to a serious recession.https://www.ons.gov.uk/economy/gove...rostatmaast/aprtojune2016#annex-a-data-tables
2. Background
' . . . Article 126 of the Treaty on the Functioning of the European Union (EU) obliges member states to avoid excessive budgetary deficits. . . '
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' . . . a deficit (net borrowing) to gross domestic product (GDP) ratio of 3%
a debt to GDP ratio of 60% . . . '
In the United States, tax withholding and the fact that this can go up or down paycheck to paycheck provides an automatic corrective, although I've read one not even half big enough for a really serious downturn.
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