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To: rbg81; Travis McGee
From farther down in the article:
The US will never repay the loans. The American economy has been devastated by offshoring, by foreign competition, and by the importation of foreigners on work visas, while it holds to a free trade ideology that benefits corporate fat cats and shareholders at the expense of American labor. The dollar is failing in its role as reserve currency and will soon be abandoned.

Millions of US have been pointing this out for over a decade now.

37 posted on 03/20/2008 4:47:48 AM PDT by meadsjn
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To: meadsjn
Millions of US have been pointing this out for over a decade now.

Yeah thats when I get sucker punched with the "economics 101" pin heads and the % of GDP lecture. Any one who uses GDP as a benchmark when its clearly pumped up by rabid spending, regardless of debt, needs their head checked. Its all about greed, passing the buck and creating opportunities that were too good to be true. A lot of people walked off with some big windfalls while others who were more than eager to be suckered in are getting hit square between the eyes with the reality of the situation.

56 posted on 03/20/2008 5:28:35 AM PDT by Realism (Some believe that the facts-of-life are open to debate.....)
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