"As the U.S. federal government runs deficits over years and decades, they add to the total outstanding debt. That's the stock of debt the U.S. federal government owes to lenders, on which they pay interest. When some of their bonds mature, they issue new ones to help pay off the old ones."
"As the U.S. federal government runs deficits over years and decades, they add to the total outstanding debt. That's the stock of debt the U.S. federal government owes to lenders, on which they pay interest. When some of their bonds mature, they issue new ones to help pay off the old ones."
What a never-ending cycle...
A great evil...
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Have they always republished her newsletter?
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