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To: BobL

I for one is for protecting our own borders before BORROWING BILLIONS to protect borders of Ukraine or any foreign country for that matter.

If we had surplus in US Treasury, I could sympathize sending help to Ukraine. But with world record breaking national debt, 40 year record high inflation and yearly budget deficits in federal government, I can’t think of more stupid action than adding to fugly big national debt to save any foreign country.

With national debt much bigger than GDP, whatever money we borrow will require paying interest in perpetuity. The interest payments on national debt are near $600 Billion for fiscal year 2023, and soon will be bigger than defense spending.


12 posted on 05/28/2023 2:51:12 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

“interest payments on national debt”

Bideninflation is slashing the real burden of the national debt.

Thanks to Bideninflation, $310,000 in 2023 doesn’t buy as much as $200,000 would in 2017.

A short burst of federal overspending can trigger prolonged inflation.

Biden’s puppeteers have the art of shafting older people with savings in banks down pat.


21 posted on 05/28/2023 3:25:30 PM PDT by Brian Griffin
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