General Discussion
In reply to the discussion: So now the talking point is that Obama destroyed chained CPI with his masterful brinksmanship. [View all]Dragonfli
(10,622 posts)If it borrows less, it will be borrowing less of what will have to be borrowed to repay a loan it has already spent. It is an attempt to avoid paying a creditor that loaned it money it blew on wars and tax decreases, you insist that taking it out of the hide of the creditor is simple math when the creditor has nothing at all to do with it's being short on cash.
It will do nothing to reduce the deficit, it will only hide some of it by hiding from the guy that loaned it the money it spent.
Actually worse, it's daring to blame the guy it owes for having to borrow more money to pay him back, and then demanding that guy sacrifice part of HIS income because he doesn't want to borrow money to pay back what he already spent and still owes him. The guy should kick his ass and stop loaning him money.