Quote:
Originally Posted by joeydb
OK, jumping off from your point though, it sounds like "we need to borrow more or we'll default on our existing debt." That doesn't make much sense. If that is literally true, we are already done.
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Go read 'Zig's article, and learn how and why we issue Treasury bonds.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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