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girl gone mad

(20,634 posts)

9. The Federal government doesn't need to borrow..

Reply to Cronkite (Reply #6)

Thu May 31, 2012, 07:07 PM

May 2012

and government debt is not true debt.

In fact, what you call borrowing is not actually borrowing at all. Take a minute to think about what the act of borrowing entails and then think about what our Fed. gov does when it "borrows".

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Highlight:

Romney Admits Budget Cuts Would Throw Economy Into ‘Recession Or Depression’ [View all] SunsetDreams May 2012 OP

Spending cuts or tax increases will do it. (we're pretty much screwed) Cronkite May 2012 #1

How about tax increases with an increase in spending? drm604 May 2012 #2

That does nothing to address the 10% of GDP we are borrowing & spending. Cronkite May 2012 #3

A common misconception quaker bill May 2012 #4

I was going to reply Prophet 451 May 2012 #5

And how it that working out for us? Cronkite May 2012 #6

It is not sustainable forever. True. cthulu2016 May 2012 #7

The Federal government doesn't need to borrow.. girl gone mad May 2012 #9

Recent Republican Presidents have governed the economy as Keynesians... girl gone mad May 2012 #8