[Willie Green]

White House Projects Highest Deficit Ever
FEDERAL DEFICIT REALITY-U.S. Treasury Shows Actual 2003 Federal Deficit at $3.7 Trillion
Foreigners own half US debt, tipping point unclear

[applemac_g4]

This is a glaring weakness in the economic policy of the Republican party...fortunately (or unfortunately?) the Democrats are as dedicated to globalization as the Republicans and so they have been unable to exploit this weakness.

Politics aside, we've moved from a manufacturing economy to a service economy and are rapidly transitioning to a native american economy (big enough chiefs have jobs that pay out many feathers and everyone else is scalped).

The strength of this country is proportional to the strength of the middle class and between jobs and taxes, the middle class is weaker than ever.

[tm22721]

We are only kept afloat by the willingness of Japan and China to recycle their dollars back into US treasuries.

When that stops, look out below.

BUMP