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National Debt

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When government forces businesses to close (even if it is for a pandemic), it’s a “taking” in the legal sense.  And we can think about $3 trillion in federal bailout spending as “just compensation” to businesses and employees for that taking.  Basically, we have decided to borrow from future generations in an attempt to stop a virus and save the economy.

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When is the government going to stop borrowing and spending? We have vast loans from abroad and continue to buy from abroad. Our national debt…

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