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View Diary: Before You Start Bashing Sen. Patty Murray (D-Wash.) Read This (293 comments)

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  •  and we are (4+ / 0-)

    but but the debt situation is what gives us leverage on the bush tax cuts.  

    isn't paying interest to the banksters undesirable?

    and if there are no cuts to good and useful stuff, what's wrong with reducing the deficit?

    The Congressional Budget Office (CBO) projects that, under current law, debt held by the public will exceed $16 trillion by 2020, reaching nearly 70 percent of GDP. CBO also projects that interest rates will go up. The combination of rising debt and rising interest rates is projected to cause net interest payments to balloon to nearly $800 billion, or 3.4 percent of GDP, by 2020.

    Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

    by Cedwyn on Sun Nov 11, 2012 at 03:12:27 PM PST

    [ Parent ]

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