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Politics : PRESIDENT GEORGE W. BUSH
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To: JDN who wrote (597559)7/30/2004 10:31:24 PM
From: ThirdEye  Read Replies (2) of 769670
 
In total, US federal debt now stands at 7.3 trillion or about 65% of GDP and it is mushrooming.

What happens to the average consumer when their debt is so high they can't even pay the interest on it?

At what point does the same thing happen to the US govt? Oh wait, the same thing won't happen to the US cuz it can devalue the debt by devaluing the currency.
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