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Political Discussion
Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] The government brings in 4 trillion plus per year. Interest on the debt is only 600 billion. Why do democrats say they will stiff bond holders unless they lend them more money? Are they saying bond holders are the last priority? Cutting government spending is the only way to fix the foundation of the economy at this point. Prosperity from money printing has caught up with the can and there’s no more road.[/quote] The U.S. has incurred obligations to more people than just the bondholders, genius. [/quote] Why don’t they default on those ones? Bond holders are last…. Cool. So buying treasuries is stupid.[/quote] Yep .. the government is admitting it’s a Ponzi scheme and you either won’t get paid back or will get paid back with practically worthless paper compared to what you invested [/quote] It's not a Ponzi scheme unless you regard the nation's GDP as illusory. [/quote]
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