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To: SeekAndFind
The national debt, completely aside from unfunded entitlements, is currently so big that it would take a tax increase, per household, the size and duration of a mortgage to pay off....IF SPENDING ON CREDIT STOPPED IMMEDIATELY.

We will default, and I don't expect a very pleasant collection effort by China.

11 posted on 01/16/2013 8:26:58 AM PST by SENTINEL (Kneel down to God. Stand up to tyrants. STICK TO YOUR GUNS !)
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To: SENTINEL
We will default, and I don't expect a very pleasant collection effort by China.

Except the ChiCom leadership will have a serious little problem on their hands if they can't ship to Walmart any longer. It's the ultimate Catch 22. The Monopoly Money Game Of Fraud will go on near indefinitely IMO.


14 posted on 01/16/2013 8:33:41 AM PST by Buckeye McFrog
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