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To: CodeToad
Sure, but so is your asset holdings. That $200K is backed by a $200K house. What backs our national debt or currency? Nothing.

So now you agree that the chart is useless without any reference to the assets that back the debt. Welcome to the club.

51 posted on 02/28/2006 8:18:59 PM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

"So now you agree that the chart is useless without any reference to the assets that back the debt."


No, I agree that having a national debt is a bad thing and that a national debt backed only by the faith and credit of the US government is not much to go on. Our founding fathers also thought so.


53 posted on 02/28/2006 8:57:08 PM PST by CodeToad
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