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by Jumping Frog
Wed Jul 27, 2011 7:38 am
Forum: Off-Topic
Topic: correct me if Im wrong...
Replies: 73
Views: 7022

Re: correct me if Im wrong...

There is still plenty of cash flow to service the existing debt, so all the talk about defaulting is just scare mongering. The real issue is we cannot continuing spending on everything without raising new debt. They simply need to cut existing spending.

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