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Old 04-17-2011
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TracyCoxx TracyCoxx is offline
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Quote:
Originally Posted by randolph View Post
the government can print money! By printing money the government inflates the value of the money and thus reduces the actual debt.
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 View Post
The Clinton administration [and republican congress] succeeded in balancing the budget and the deficit could have been reduced to reasonable levels.
fixed it for you.

Quote:
Originally Posted by randolph View Post
Then Bush came along and went on a wild spending spree and irresponsible tax cuts, The deficit soared as the economy collapsed.
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.
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