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Politics : Foreign Affairs Discussion Group
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To: mistermj who wrote (220583)2/23/2007 6:37:05 PM
From: bentway  Read Replies (2) of 281500
 
"when it matures, is “paid back” using the proceeds obtained by selling a new Treasury security to the public. In effect, the debt principal is never retired; it is merely rolled over and over, perpetually."

So, you buy into pyramid schemes? That's what you've described.

Now, we don't depend on "the public" - they couldn't keep up with the government demand for debtors. Now, we depend on foreigners to buy our debt.

ustreas.gov

But, can we count on them FOREVER?
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