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Politics : View from the Center and Left
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To: Mary Cluney who wrote (155190)1/29/2011 11:10:47 AM
From: Paul Smith  Read Replies (1) of 541791
 
Like any Corporation we face from time to time cash flow situations. We are in that kind of situation right now. Just like a Corporation, we can just cut all expenses, lay off workers, and stop all investments. Our debt will go away. If you know anything about business you will know that if any business behaved that way they will go out of business.

Almost all businesses have made significant cuts, scaled back investments, etc. The result has been their survival and a big increase in the stock market over the last 15 months.

So what was your point about them going out of business? Bankruptcy causes business to go out of business. Unlike the government, they can not just print money to repay debt.
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