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The opinions expressed are his own. At this rate, we’re going to have more debt-reduction proposals than we have trillions in debt. There was Simpson-Bowles, the Gang of Six (Pt. 1), Obama’s $4.

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If the Treasury sells 10-year bonds for $1,000 and promises to repay the $1,000 in 10 years plus 3 percent annual interest and price. Negative U.S. or global prospects will push yields down.

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