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To: NormsRevenge
If these idiots want to create a depression which will destroy all their favorite pet programs, including social security, medicate etc. they are going the right way about it.

You cannot keep borrowing as a government any more than with personal finances. The debt becomes unsustainable, foreigners won't buy it, tax revenues will not be able to cover it, raising taxes will not supply the needed funds and the US dollar will tank. Printing money will not solve it but will only destroy the currency.

And they will not be able to say its is Bush's fault so as to make anyone believe them

27 posted on 01/19/2009 7:13:13 PM PST by verklaring (Pyrite is not gold))
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To: verklaring
Check the British press today. Britain is collapsing because the government guaranteed bank debt that is multiple times larger than national currency reserves.

Britain and the USA are becoming shabby second world has beens as China and India emerge as solvent global players. Expect migration of talent and money (what's left of it) from the USA to these new players.

29 posted on 01/20/2009 9:04:13 AM PST by April Lexington (Study the constitution so you know what they are taking away!)
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