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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#18

(01-30-2019, 04:43 PM)TheO-LineMatters Wrote:
(01-29-2019, 04:13 PM)B2hibry Wrote: Got to spend money to make money! Doesn't look like it will get much better...

https://fcw.com/articles/2019/01/06/debt...eider.aspx

Not when you're in a massive hole of debt. You can't spend money you don't have. It's time to stop spending and assess the entire budget. Some things are gonna have to get cut or else this country is gonna get repossessed by the Chinese.
Our whole monetary system is based on spending money we don’t have! Stop believing everything you hear by the chicken littles. China holds a very small portion of our overall debt. Heck, Japan holds more of our debt than China. Most debt is some form of securities, not foreign. Ultimately, I do agree the spending needs to slow but that is not how a Dem controlled House works or our goverment in general unfortunately.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 05:28 PM



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