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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous] Why would anybody buy treasuries? 1) They are always defaulted on with dollars worth infinitely less than those that were invested. 2) the democrats always say if the debt ceiling isn’t raised (I.E. more suckers don’t lend more money) they won’t pay the investors back… even though the interest is only 600 million and they take in 5 trillion a year in taxes and can easily pay. In other words ..bond holders are the last priority in the budget. 3) to add insult to injury the 4 percent yield is TAXED!! What a horrible Ponzi scheme investment to a entity that literally tells you you’re an idiot.[/quote] Probably because they aren't morons like you.[/quote]
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