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WASHINGTON (MarketWatch) -- The U.S. government is expected to borrow $406 billion in the current quarter, the Treasury Department said Monday. The borrowing estimate is $109 billion less than estimated three months ago. The decrease in the estimate is due to some repayment of bank bailout funds and less investment than expected in Fannie Mae and Freddie Mac, the agency said. For the October-December quarter, the government is expected to borrow $486 billion, the government said. In the three months ending June, the government borrowed a $343 billion. The Treasury will announce on Wednesday the sizes and terms of its quarterly refunding auction
Originally posted by jam321
1) print more money
2) Let loose the dogs. Increase taxes and let the IRS go after more average Americans who are unfamiliar with tax laws, can't afford to hire a CPA, who fear that the government will take everything they got in an effort to get these folks to settle over a debt that really isn't owed.
Do you folks still believe we can pay for SS, medicare, medicaid, new health program, 2 wars, and everything else we are paying for?
It isn't going to happen because no matter how much they tax them, we the people will ending up paying the bill. The rich/corporations will merely pass their portion on to the consumers