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To: USFRIENDINVICTORIA
Could you explain why debt? Why not use a reserve account — like an insurance company?

Some sort of reserve funding is even better than using debt. My point was that using debt to fund discrete unexpected expense is when congress should be authorizing the issuance of debt. They should not use debt to pay for ongoing expenses and routine operations.

14 posted on 09/14/2011 7:33:38 PM PDT by Fzob (In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
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To: Fzob

That clarifies things. What you say makes perfect sense.


15 posted on 09/14/2011 7:35:23 PM PDT by USFRIENDINVICTORIA
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