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To: JohnHuang2
Nope. If the feds ever need to do so, they can just print up the multi trillions of dollars needed and turn it over to their lenders. At which point, no longer in debt. Not broke at all.

Of course....that action might have some affect on the value of the dollars that you have in your bank account and all your dollar denominated assets, but what the heck.

10 posted on 06/06/2003 8:21:20 AM PDT by dark_lord (The Statue of Liberty now holds a baseball bat and she's yelling 'You want a piece of me?')
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To: TLBSHOW; MissAmericanPie; RLK; Mortimer Snavely
the government's debt is actually "a mind-numbing $43 trillion,"


THE REAL FISCAL DANGER

http://www.whitehouse.gov/omb/budget/fy2004/danger.html

"The current system is financially unsustainable."


THE BUSH/GOP SMALL LIMITED GOVERNMENT SPENDING PRINCIPLES


HOW BIG IS THE GOVERNMENT'S DEBT?


"Congress isn't saying no to anybody right now," said Riedl. "Federal spending per American household is now at $21,000 annually."


Honey, don't you think
it's great how President Bush
and Congress have spending and fiscal
responsibility under control. Yes, did you see
Laura kiss the President today?

11 posted on 06/12/2003 9:08:50 PM PDT by Uncle Bill
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