edthecynic
Censored for Cynicism
- Oct 20, 2008
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A perfect example of the incredible ignorance required to be a CON$ervative!To borrow money, but that state and local borrowed money is not included, contrary to your claims, in the National Debt totals used in the daily National debt calculator I linked to.Now why would states issue securities?
Its right on the website, click on Public debt
Even after I pointed out that PUBLIC DEBT is not the same as SECURITIES ISSUED you still stupidly use the two interchangeably!!!
Public debt is money LOANED TO the Federal government FROM states, foreign governments, individuals, etc.
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