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The Water Cooler
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America's debt
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<blockquote data-quote="farmerbyron" data-source="post: 1570082" data-attributes="member: 4953"><p>Wish my household budget worked like the yahoos on tv say the federal govt. does. They say that if we don't increase the debt limit, other countries will lose faith in our ability to pay them back. So if we don't get another credit card, all of our bankers will lose faith in our ability to pay them back. Just try that argument with your local banker, it's madness.</p><p></p><p>To think that we do not have the money to cut is also madness. Just look at that pie chart for discretionary spending. It nearly equals SS, Medicare, or defense spending. I promise you that there are billions that can be cut in discretionary spending alone.</p></blockquote><p></p>
[QUOTE="farmerbyron, post: 1570082, member: 4953"] Wish my household budget worked like the yahoos on tv say the federal govt. does. They say that if we don't increase the debt limit, other countries will lose faith in our ability to pay them back. So if we don't get another credit card, all of our bankers will lose faith in our ability to pay them back. Just try that argument with your local banker, it's madness. To think that we do not have the money to cut is also madness. Just look at that pie chart for discretionary spending. It nearly equals SS, Medicare, or defense spending. I promise you that there are billions that can be cut in discretionary spending alone. [/QUOTE]
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