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!!!
![cuckoo :cuckoo: :cuckoo:](/styles/smilies/cuckoo.gif)
Public debt is money LOANED TO the Federal government FROM states, foreign governments, individuals, etc.
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