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tracebooks
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tracebooks  |  January 16, 2009 07:42 PM
No. The money is going to be borrow from the future, which means debt is going to get even worse in the future.
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chazzyfen
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chazzyfen  |  January 17, 2009 11:33 PM
It doesn't really matter whether the government can print out money because they are mostly just giving loans.  The real problem is whether the government has enough money to back up the paper money loans they give out.  The US government is already in a huge hole for money, and the bailout is taxing them even more (right now the government is more than $3,000,000,000,000 I believe).  If the government doesn't raises taxes, then yes, there won't be enough money to go around for everything, and so there will be cutbacks on stuff.
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