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Yes many "Americans" cut their debt by walking out on loans, bankrupt filings and such nice stuff as loan mod's...
The Fed is buying up a bunch of bad loans and it's own paper.
So, how does anyone with half a fiscal brain get to a deficit reduction?
I had the post office try to charge a client $5 for a small 2oz package I paid 1.64 to ship because the package was not "THICK ENOUGH".
The customer refused the package so when I got it back I folded up the first package and placed it in another and paid postage again.
The customer and I had a laugh about this, b...more