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To: tcrlaf

The Federal government alone has a $17 trillion, the states and cities in aggregate probably have another $8 trillion debts. Government entities are responsible for or have guaranteed another $100 trillion in unfunded liabilities. People who claim that this is a manageable situation and call for even more borrowing and spending are delusional. Conservative attention has focused on the decadent and hedonistic SCOTUS decisions. However it is difficult to see how with an anti capitalist administration that stifles economic growth with its crusade against carbon energy sources, endless rules and regulations that discourage productive entrepreneurs and a population that increasingly buys into non productive redistribution schemes,a happy future.


12 posted on 06/28/2015 6:55:37 PM PDT by allendale
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To: allendale

The _only_ way that the debt would become manageable is through spectacular inflation/devaluation. Or, “something else”. As an example, I believe that I have some unused 200 billion mark stamps from 1920’s Germany, that a kindly older neighbor stamp collector gave me when when I was a boy. I remember thinking back then in the 60’s, I could have probably bought a fairly good chunk of West Germany with that kind of money...had it been any good.


43 posted on 06/28/2015 8:05:49 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day".)
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