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Thoughts on the National Debt
Posted on: November 17, 2017 at 20:44:50 CT
ScottsdaleTiger MU
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1. It's size becomes a problem only when it can no longer be rolled over at a reasonable interest rate. As long as it can be rolled over, it's not that big of a problem.
2. It is a tool, more precisely the Fed's management of the interest rate for managing the economy. No national debt eliminates one tool.
3. Paying off the debt is a pipe dream. A more reasonable goal is to restrain it!s growth. The ideal may be simply to keep its relative size to GNP stable or perhaps declining over time.
4. The GOP worries about it too much and the Dens no enough.
2. It is a tool, more precisely the Fed's management of the interest rate for managing the economy. No national debt eliminates one tool.
3. Paying off the debt is a pipe dream. A more reasonable goal is to restrain it!s growth. The ideal may be simply to keep its relative size to GNP stable or perhaps declining over time.
4. The GOP worries about it too much and the Dens no enough.
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Thoughts on the National Debt - ScottsdaleTiger MU - 11/17 20:44:50
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