Is This Going to Reduce the Debts?

The August PMI reading was the lowest since the series launched in October of 2009. The private sector activity contracts again in August, but it's not getting better. And what about the debts? This is going to reduce the debts? Let me look on this Fed graph and show me anywhere that the Fed debt has been reduced. It's easy to spend other people's money. This is taxpayer money. So I don't know. But the handwriting is on the wall very, very clearly on the wall.

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