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By Shempatolla (registered) - website | Posted March 06, 2012 at 09:48:26 in reply to Comment 75039
Yes and look how printing more money has worked for the United States. Their largest economic competitor now holds the majority of their debt, that being China. This impacts monetary, fiscal, domestic and foreign policy decisions.
Further.... ahem Greece, Italy, Spain, Portugal. Yet more examples of national fiscal spending run amok.
You have absolutely no idea what you're talking about.
By paying the national debt down you're not taking money out of the banking system. You're simply allocating a larger portion of the federal budget to debt repayment. They are two different things.
You're talking gobbeldy gook
Cheers
Greg Galante
Hamilton
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