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Debt is not a sustainable policy decision — Sen. Rand Paul

Summary:
If you are looking for more COVID bailout money, we don't have any. The coffers are bare. We have no rainy-day fund. We have no savings account. Congress has spent all of the money. Congress spent all of the money a long time ago...The stuff of genius. (snark) The HillDebt is not a sustainable policy decisionSen. Rand PaulStephen Roach falls into a similar hole.Project SyndicateThe Pandemic's Long Economic ShadowStephen S. Roach| | faculty member at Yale University and former chairman of Morgan Stanley Asia

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If you are looking for more COVID bailout money, we don't have any. The coffers are bare. We have no rainy-day fund. We have no savings account. Congress has spent all of the money. Congress spent all of the money a long time ago...
The stuff of genius. (snark)
Stephen Roach falls into a similar hole.

Project Syndicate
The Pandemic's Long Economic Shadow
Stephen S. Roach| | faculty member at Yale University and former chairman of Morgan Stanley Asia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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