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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (75381)12/12/2006 10:56:52 AM
From: kris b  Read Replies (1) of 110194
 
or simply printing money to buy government debt which in turn is used to finance tax cuts and credits.

This still doesn't answer my question. Consumer right now reliquifies with monthly borrowings against their houses. If Bernanke/Government want to substitute this source they would have to send monthly tax credit cheques equal to the amount of the current home equity loans. Can the US treasury afford to support the whole nation? Who would work and pay taxes.

One time $5.000 tax credit wouldn't do
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