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To: tcostell
It's going to be used to bail out the "customers" of the investment banks, so in effect it's already going to each of us.

No, it's not going to each of us. It's going to those among us who could not manage their money. Those of us with some sense of not overextending our credit, and not over-buying our homes will get no benefit, but will be required to pay for this debacle for decades through taxes.

66 posted on 09/24/2008 6:25:03 AM PDT by meyer (Go, Sarah, Go!!)
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To: meyer
Well even those who don't agree with me about the eventual destination of the money have to admit that there is simply no way for either political party to be able to dispose of this debt through taxation. THAT is not going to happen.

Instead, we are going to get high long term rates, low (or maybe even negative) short term rates and an inflation rate approaching double digits.

Then congress will just sit back and pray for a growing economy.

68 posted on 09/24/2008 6:50:05 AM PDT by tcostell (MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
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