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Originally Posted by randolph
the government can print money! By printing money the government inflates the value of the money and thus reduces the actual debt.
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Printing money deflates the value of our money, and the dollar amount of the debt goes up. But regardless, the debt to other countries in non-funnymoney values remains the same.
Quote:
Originally Posted by randolph
The Clinton administration [and republican congress] succeeded in balancing the budget and the deficit could have been reduced to reasonable levels.
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fixed it for you.
Quote:
Originally Posted by randolph
Then Bush came along and went on a wild spending spree and irresponsible tax cuts, The deficit soared as the economy collapsed.
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The tax cuts should have been followed by spending cuts, so you're making my point. Whether by over spending or undertaxing, it is not rational to operate in a deficit.