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Politics : PRESIDENT GEORGE W. BUSH
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To: CYBERKEN who wrote (722024)1/18/2006 1:57:53 AM
From: DuckTapeSunroof  Read Replies (3) of 769670
 
Federal debt now $7.8 trillion. Add another $400 billion federal deficit this year. By 2010, interest on debt will equal our defense budget.

Try to join the real world for just a minute.... what do you think is *most* likely?

1) Outright default on the national debt.
2) Inflationary ('silent') default and soaring interest rates.
3) Severe cutbacks in government programs, including defense spending.
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