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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Fiscally Conservative who wrote (47248)12/13/2005 11:33:51 PM
From: GST  Read Replies (2) of 110194
 
We are a debtor nation -- the debtor nation to end all debtor nations. They are our creditors -- saving 45 cents of every dollar they make. Will they cut off our trade credit? Only when we can't pay our bills. If Americans are prepared to cut their spending in half we can pay down our debts and start to have serious savings. Now there is a trip to fantasy land. Instead, we will watch our nation fall into the same status as all others who squandered their fortunes. We import 2 billion a day to offset our spending spree. We borrow 600 billion dollars a year abroad because we cannot endure the thought that we should be paying more in taxes now, today. We inherited a great nation -- but it is fast sliding from greatness and into ruin. And we have plans for our children -- poverty. Shhhh. Don't tell them, let them sleep.
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