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Old 05-18-2012, 06:20   #100
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Join Date: Apr 2008
Location: St. Louis
Posts: 45,206

Originally Posted by Paul7 View Post

I have yet to have it explained to me how we pay off $15 trillion ($25 trillion in 10 years) in debt other than default or continued currency debasement.
First, we don't have to pay it off. It is easily serviced. Safe harbor - that could change.

Secondly, paying it off is very simple and can be done in one generation with cuts and growth.

The problem is, no one is willing to cut and the cards are being stacked against the kind of robust growth needed due to taxes and spending.
“If Thomas Jefferson thought taxation without representation was bad, he should see how it is WITH representation.”

Rush Limbaugh
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