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Tuesday, April 27, 2010

The national debt and Washington's deficit of will

The debt grows because there is not will to fight the deficit.

"In order to pay the interest and the bill when it comes due, we'll simply have to issue more IOUs. That, to me, is Ponzi-like," Gross said. "It's a game that can never be finished."

And, so the game will never be finished. Who said that there was ever an intention to repay?

Source: washingtonpost.com

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