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To: BobL

What do you think of the exploding national debt? The current budget deficit exceeds $1 TRILLION. Do you think excessive debt is a prudent agenda?

The interest to service the national debt is growing fast as well. Basically we are having a party with borrowed money.


6 posted on 08/15/2019 4:50:36 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: entropy12

Agree that certainly is not helping...but my point is that the difference between a strongly-growing economy and a recession is NOT 1% of one Basis Point in comparative interest rates, as was claimed by everyone in the media yesterday.

We may still crash or have another lending bubble pop (my biggest concern)...but it won’t be over the reason they claimed yesterday - that was nothing but anti-Trump propaganda.


7 posted on 08/15/2019 4:56:35 PM PDT by BobL (I eat at McDonald's and shop at Walmart - I just don't tell anyone.)
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