The Obama Administration has proposed tripling loan guarantees for new nukes and new nuke loan money was almost able to sneak into an unrelated bill earlier this year.

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Since all money comes into existence as the result of a loan, new money has to be created at a fast enough pace to keep the debt bubble from bursting.

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The direct-loan program, in contrast, appeared to make money with every new loan it issued.

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Robinson argued that new money flows -- such as the "bridge loan" being contemplated by the G-7 through the multilateral Bank for International Settlements -- under current circumstances would represent "a bridge to nowhere" and end up costing Western taxpayers dearly.

CENTERFORSECURITYPOLICY: Center For Security Policy

Money coming in from loan repayments is leant out to new students.

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But with just days to go until the election, he admitted to the New York Times that his father had lent him money to repay the first Morgan loan.

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"The process is time-consuming, and there's also the stress of having to liquidate my investments and wonder where I'm going to find money, " said Hahn, who had to scramble to find a new loan earlier this year after his lender suspended its private loan program.

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