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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This massive debt, combined with inflation, is a huge problem. High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments. Instead of trying to deal with this, all we get are partisan talking points.[/quote] [twitter]https://twitter.com/grace_segers/status/1615801821758427146?s=46&t=_GmJ9R1R9pn2L_444V9hIw[/twitter][/quote] Why are they talking about default? This is just a lie. The issue is to not pick up more debt. The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.[/quote]
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