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To: SeekAndFind
The government runs an annual deficit, so it must borrow to retire existing debt

Do they really think Trump doesn't know that?

3 posted on 05/06/2016 1:02:26 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: BenLurkin

That we need to stop having annual deficits


6 posted on 05/06/2016 1:05:49 PM PDT by neverbluffer
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To: BenLurkin

The government runs an annual deficit, so it must borrow to retire existing debt

This isn’t the same as refinancing where you pay off one loan by creating another loan. The government borrows money but it does NOT retire the existing debt. It borrows money to pay the interest. And as long as we’re doing that our creditors are happy as can be. But the loan is never paid and we go deeper and deeper into debt.

It may be time to start taking some drastic steps.


19 posted on 05/06/2016 1:28:15 PM PDT by VerySadAmerican (Never held a job in the private sector;never met a payroll,never created a job - CRUZ! Conservative!)
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To: BenLurkin

Do they think the Chinese don’t? The lender is the one at risk the day after a dollar is lent and every day thereafter until the debt is repaid.


27 posted on 05/06/2016 1:38:51 PM PDT by major-pelham
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