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Re: 2012 Federal Budget 

By: DGpeddler in POPE | Recommend this post (1)
Sat, 26 May 12 8:05 PM | 68 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 59124 of 65535
(This msg. is a reply to 59120 by killthecat)
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http://www.usgovernmentspending.com/spending_chart_2002_2022USb_13s1li111mcn_H0t


"The ability to take out a mortgage to buy a home, for instance."

But only if you can make a down payment and have the ability to pay it off even in hard times.


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The above is a reply to the following message:
Re: 2012 Federal Budget
By: killthecat in POPE
Sat, 26 May 12 7:17 PM 		Msg. 59120 of 65535

Snappy:

Certain things are not in and of themselves "bad". Credit, investment amd borrowing make a modern economy go round - The ability to take out a mortgage to buy a home, for instance. There is a legitimate roll for the government or central bank to stimulate the economy in times of need, or even to rescue an economy in dire distress.

It's the misuse and abuse of credit, borrowing, spending, and stimulus which is the problem. We have most certainly done that.

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