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Old 10-17-2012, 11:38 AM
 
Location: Portland, OR
8,802 posts, read 8,900,938 times
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And slash the deficit in half. It will be painful in the short term, but I believe it is what is needed for the long term survival of our country. Once we hit $20 trillion in debt, it becomes obvious that the only way to pay our debt is through monetizing it with the printing presses at the Fed, and I believe that our external creditors will quit buying at that point. Eventually, it'll just be the Fed buying them which is a total ponzi scheme.

We'll come out of this stronger than ever, but basically 2011-2020 is a lost decade, but I think we all knew that regardless of fiscal cliff.
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Old 10-17-2012, 12:17 PM
 
79,907 posts, read 44,222,338 times
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I wish someone would punch those who call it a "fiscal cliff". (not directed at you VT).
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