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To: curiosity

The debt is unsustainable.

Try this:

http://www.zerohedge.com/article/ex-pboc-official-wakes-acid-trip-us-treasury-market-giant-ponzi-scheme


41 posted on 04/11/2011 11:01:53 AM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: TruthConquers
The debt is unsustainable.

Nonsense. Debt owed to the public, the only debt we actually have to service to avoid default, is only 60% of GDP. History proves that countries can manage that kind of a debt burden without any trouble for extended periods of time.

What is unsustainable is Social Security and Medicare. But these programs be modified by statute, their benefits reduced to make them sustainable.

The doom and gloom you are preaching is neither rational nor productive.

44 posted on 04/11/2011 11:11:54 AM PDT by curiosity
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