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View Diary: It's Not About Chained CPI (57 comments)

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  •  More importantly its the debt. (2+ / 0-)
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    3goldens, PhilJD

    The deficit adds to the debt, reducing the deficit reduces what is added to the debt.   But the debt can never be paid off, never.  It will keep rising.  No matter what they agree upon for a budget going forward, the debt will rise, the interest on the debt will rise.   Projections indicate the interest on the national debt could be around one trillion per year in another 10 to 15 years.  Straight off the top.  The US will never balance a budget with that debt.   It's all a trap by the plutocracy, the central bankers, just as in Europe.  Debt bondage.

    "I'm an antiwar propagandist as accused by democrats. Not even republicans have called me that."

    by BigAlinWashSt on Fri Apr 05, 2013 at 11:09:35 AM PDT

    •  I am not worried about balancing the budget (0+ / 0-)

      JC on a stick

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Fri Apr 05, 2013 at 03:22:00 PM PDT

      [ Parent ]

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