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Guide to the Federal Debt in a nutshell (Read 30 times)

Midnightrider Serious Thumper Offline Alliance Member Posts: 3244 Winston Salem, NC	Guide to the Federal Debt in a nutshell 10/10/13 at 21:50:19 https://www.youtube.com/watch?v=Li0no7O9zmE
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Guide to the Federal Debt in a nutshell Reply #1 - 10/11/13 at 03:46:13 Why is it so hard for people to get it? Im curious to know if anyone on this board supports any war we are in & if anyone supports the debt limit increase.
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Paraquat Serious Thumper Offline SuzukiSavage.com Rocks! Posts: 2206	Re: Guide to the Federal Debt in a nutshell Reply #2 - 10/11/13 at 06:14:23 I like the septic tank comparison. Quote: Let's say, you come home from work and find there has been a sewer backup in your neighborhood. Your home has sewage all the way up to your ceilings. What do you think you should do? Raise the ceilings or pump out the nuts? --Steve
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Pine

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Rocks!

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Mississippi, USA
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Re: Guide to the Federal Debt in a nutshell
Reply #3 - 10/11/13 at 07:28:08

OK .. I got this.. I can fix this!

We raise the debt limit ... ONE LAST TIME...

But its conditional:

Only bond buyers allowed must be:

US citizen
Have paid taxes (have a tax return)
limit of $50,000 in bonds can be bought per person per year.

The government could not buy its own bonds, nor could any government entity.
No..Non residents, or outside companies may buy.
No US corporations may buy
No criminal may buy
No elected official may buy

Raise the limit all you want... but don't be surprised when few buy and when they wont buy until you offer a descent interest rate. Not raising enough money... too forking bad.

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justin_o_guy2

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What happened?

Posts: 55279
East Texas, 1/2 dallas/la.

Re: Guide to the Federal Debt in a nutshell
Reply #4 - 10/11/13 at 09:46:39

The government could not buy its own bonds,

Its really insane that people accept that this has been done,
If you need $100.00 but theres no $$ in the bank,, can you write a check & cash it out of your own pocket & have the $$? The whole Idea of printing the bonds & selling them is to raise $$, how can you buy your own bonds? Thats a sure sign of economic death,

The people never give up their liberties but under some delusion.- Edmund Burke.

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