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Re: how can a debt default cause a recession? 

By: ribit in 6TH POPE | Recommend this post (1)
Thu, 23 Sep 21 12:35 AM | 26 view(s)
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Msg. 24197 of 60008
(This msg. is a reply to 24179 by Zimbler0)

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...as near as I can remember from kollege raising the debt limit is always favored by the party in power and opposed by the party on the outside looking in. Once their positions are reversed so are their prospective opinions. The drawback is that 'non essential government employees' are given time off with pay which causes one to wonder why we have non essential government employees. IMHO, this is a sleight of hand trick to remove my hard earned cash from my wallet and pass it on to those "more deserving" after taking out a significant "finders fee" for their efforts




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
how can a debt default cause a recession?
By: Zimbler0
in 6TH POPE
Wed, 22 Sep 21 9:31 PM
Msg. 24179 of 60008

how can a debt default cause a recession?

Any takers for finding me an answer for this one?

I tried Microsoft Bing and DuckDuckgo and all I'm getting
from either one is doom-and-gloom about how the country
is going to go into a recession if the debt ceiling isn't
raised.

Personally I do not want the debt ceiling raised - I want
the federal government forced to live within 'our' means.

Opinions? Thoughts?

Zim.


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