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Old 01-19-2017, 03:42 PM  
Barry-xlovecam
It's 42
 
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Join Date: Jun 2010
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Posts: 18,083
Well, the Republican House just raised the debt ceiling (the national credit card) by $9 Trillion more so the national debt argument is a red herring.

If you look at the USA as a whole -- all debt public and private in relation to all assets owned public and private -- the LTV (Loan to Value) ratio is very good. As a nation we are not that leveraged. USA assets are very marketable globally.

The problem is the asset concentration of the top 5% and their resistance to pay a proportionate share of the taxes to service the national debt. All cabinet appointees should be compelled to produce their last 5 years 1040/1120 tax returns before being confirmed.

Government by the people for the people.
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