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@buygold

Posted by Mr.Copper @ 17:51 on May 15, 2018  

re your “One other thought on the 70’s and now. Back in the 70’s gov’t debt could handle much higher rates.”

Yes back in the 70s before imports and when we had much higher tax payer wages, the gov’t also had higher “wages”.  The whole country was embezzled. Taxpayer wages lagged inflation, so tax receipts lagged inflation. $20 trillion tax shortfall. So far.

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.