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Non-Cattle Specific Topics
Every Thing Else Board
Should states be allowed to file bankruptcy?
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<blockquote data-quote="ccr" data-source="post: 1628287" data-attributes="member: 28887"><p>Didn't read all of that article, but at what point does this bailout end. Trillions of dollars of debt and the US taxpayer is responsible. Servicing this debt, and future deficits added to the debt will be to much for the US taxpayer to handle. Then what? </p><p></p><p>We are borrowing money to pay the interest on the debt we have now. I don't think some folks realize how bad our debt situation is.</p><p></p><p>Making money out of thin air and borrowing money can't go on forever.</p></blockquote><p></p>
[QUOTE="ccr, post: 1628287, member: 28887"] Didn't read all of that article, but at what point does this bailout end. Trillions of dollars of debt and the US taxpayer is responsible. Servicing this debt, and future deficits added to the debt will be to much for the US taxpayer to handle. Then what? We are borrowing money to pay the interest on the debt we have now. I don't think some folks realize how bad our debt situation is. Making money out of thin air and borrowing money can't go on forever. [/QUOTE]
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Should states be allowed to file bankruptcy?
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