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In Reply to: RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? posted by tweaker456 on June 09, 2021 at 19:54:38
If you want to go to Fantasy Land, go to Disney Land.
Do you really think the politicians will do what they should? They haven't for last 60 or more years. How many times have they balanced a budget?
Seriously, you be hard pressed to tax the rich enough. You have to broaden the base, AKA, the middle class. Given our consumer economy, GDP would also suffer.
How many entitlements would need to be cut to pay for the debt?
-Rod
Follow Ups:
Well I'm glad to see you agree with IKE. There in no need in general to balance the budget, it just should not get out of hand. My guess is if and when it really gets out of hand I won't be around to pick up the pieces. There's a lot of moving parts to what is going on in the US and many don't look to good to either of us.
Speak out, you got to speak out against
The madness, you got to speak your mind,
If you dare. - David Crosby
nt
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