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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (316229)12/18/2006 10:55:41 AM
From: Elroy  Read Replies (3) of 1573824
 
Yes, exactly. You have two choices to eliminate the deficit: either cut spending or raise taxes.

Or keep the deficit at a serviceable level, and not eliminate it. Debt is not bad. Debt on which you can't pay the interest is bad (it's too much).

Didn't you take out a mortgage to buy your first house?
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