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Fed sees "downside risks" to economy have increased, OKs 1/2 point cut in discount rate to banks.
http://www.cnn.com/ ^
| 8-16-07
Posted on 08/17/2007 5:22:20 AM PDT by Hydroshock
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To: Toddsterpatriot
We have never seen our federal government shrink in size. Too many people think it doesn’t matter much.
The 4.7% is current interest rate. Run that on debt of 60 trillion as opposed to the 9 trillion debt we have now.
121
posted on
08/18/2007 7:33:46 AM PDT
by
Greg F
(-)
To: Greg F
The 4.7% is current interest rate. Run that on debt of 60 trillion as opposed to the 9 trillion debt we have now. We don't owe 60 trillion, why would we pay interest on 60 trillion?
122
posted on
08/18/2007 7:36:13 AM PDT
by
Toddsterpatriot
(Ignorance of the laws of economics is no excuse.)
To: Toddsterpatriot
123
posted on
08/18/2007 7:42:02 AM PDT
by
Greg F
(-)
To: Greg F
That’s infra dig, but stronger . . . : )
You get my point. Why pretend not to?
124
posted on
08/18/2007 7:47:00 AM PDT
by
Greg F
(-)
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