Been over this many times
Posted on: October 16, 2018 at 10:03:59 CT
raskolnikov MU
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If I have $20,000 in CC bills and I stop spending. I cut them up. No more on any cards. In no way does that eliminate my debt.
You eliminate debt by paying it. Once I pay those bills, the debt will be gone. What Reagan did in CA was increasee taxes to pay the debt and it worked. But Reagan is far too much a Liberal Freak for you guys today.