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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (224533)3/16/2005 9:53:18 PM
From: i-node  Read Replies (2) of 1572631
 
>> .Ok, what happens when foreign countries are no longer interested in buying $400 billion plus of Treasuries every year to cover the deficit?

Interest rates go up.

The only true threats to our national economy's viability are failed social programs, particularly SS, Medicare and state Medicaid programs. Our national debt is nothing compared to our national asset base.

If we can get SS shored up then we can start thinking about these other programs.
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