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Lesson #1 response - No one in particular

Posted: Oct 12th, 2021 - 8:09 am In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.

To be considered - What if that balance on that credit card was due to medical care for your uncle? He does not have the ability to pay and you cosigned the credit card. The current debt increased by over 7 trillion dollars due to the previous administration. In this case, I would raise the roof and never cosign a loan for my uncle again. I think this is a fair representation of the current debt crisis we face today.

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