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To: sickoflibs
Of course a legal bond sold by the Federal government to a bondholder is NOT the same as the government holding an IOU to itself. We know the FICA taxpayers are not the holders of these bonds and do not have to be paid back legally(constitutionally).

Even if they admit there is a problem, it's always a future problem, so kick it down the road.

Robert Reich: "You don’t want government to hold back, you want government right now, yes, the deficit’s a long-term problem, but right now you don’t want to cut government spending, yet Eric Cantor and the Republicans are indulging, you hear it over and over and over."

It would be inconceivable to try anything responsible.


13 posted on 03/27/2011 11:35:25 PM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: ding_dong_daddy_from_dumas
RE :”Robert Reich: “You don’t want government to hold back, you want government right now, yes, the deficit’s a long-term problem, but right now you don’t want to cut government spending, yet Eric Cantor and the Republicans are indulging, you hear it over and over and over.

Cutting government now involves near term pain, not something politicians are usually elected for. Theywill always claim it's not compassionate because of the economy.

14 posted on 03/28/2011 5:04:03 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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