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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: KyrosL who wrote (88234)	10/31/2007 10:17:13 AM
From: John Vosilla	Read Replies (1) of 110194

Not only a soaring national debt but state and local municipalaties are also strapped these days. Unlike the fed they can't borrow. Nice story in USA Today on that in today's edition. Most states looking at sales tax increases while also attempting to role back RE taxes even though it is regressive and hurts the poor the most and can least afford it..

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