by Don Fredrick, The Complete Obama Timeline, ©2022 (Feb. 20, 2022) — Insolvency is the inability to pay one’s debts. If you borrow $1,000 from someone and later have no ability to pay the lender back, you are insolvent. Whether the loan participants are individuals, businesses, banks, or governments is irrelevant. The only difference is […]
Tag: deficit spending
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