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Missiles & Money — The Weekly Roundup
Politicology
Borrowing Money and Paying Interest
Borrowing money from the world through US Treasuries involves paying interest which is increasing rapidly, requiring real dollars to pay off. Despite the rising debt and interest rates, people are turning to saving accounts and CDs, showing a common trend of borrowing and spending rather than balancing budgets. Individuals paying off bills like health insurance, auto insurance, groceries, car loans, and student debt are not financially irresponsible but merely trying to make ends meet and survive.
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