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debt

Submitted by phil m (not verified) on February 28, 2013 - 4:18pm.

So are you saying there is no issue with the debt? Dean Baker seems to think that the debt is not a problem, others do. One potential isue on the horizon: any normalization of interest rates will explode the line item for interest to service that debt. Maybe not a catastrophe but potentially a huge problem ( much greater than the $85 billion in sequestration cuts that could be coming)

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