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Federal Government relied mainly on the domestic debt market to finance its deficit i.e. 67 percent of the Federal fiscal deficit was financed through

Which will have an adverse effect on employment. and the dollar ends up declining significantly and what we are talking about is america's future position in the world and our future standard of living. >> i want to understand this, we have to borrow in america, $100 billion a week to roll offer the old debt and borrow fresh money. $100 million a week. you are saying in one of those borrowing operations we go out and ask the world, lend us money and they don't lend us as much as we want that is the bond crisis. >>guest: that is what they can happen or they demand higher interest rate. the thir...