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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Les H12/10/2004 6:47:13 PM
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The national debt today stands at $7.55 trillion, up nearly $2 trillion since Bush took office. But White House budget director Joshua Bolten said current low interest rates suggest that financial markets believe the administration is "acting responsibly" — and that they will not be "discomforted by the short-term transition costs" for Social Security private accounts.

usatoday.com

Another result of Greenspan's meddling in the markets. The administration thinks it can borrow all it wants.
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