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American Memory
May 11, 2004
Inherent National Bankruptcy by Jim Carter
People still do not know what is going to hit them when Congress tells the Fed they cannot pay the interest on the national debt. Deficit spending to pay for the interest is now sold to the public as the cost of a war. How long can the illusion be maintained? How long can the inflation resulting from deficit spending to pay the interest be concealed from the public?
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