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Politics : Politics of Energy
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To: RetiredNow who wrote (7713)4/27/2009 10:06:54 AM
From: Bearcatbob  Read Replies (1) of 86356
 
"Why do you say "only the bond market will stop this idiocy"?"

That is a simple one. When no one wants to loan Obama any more money the interest rates will spike and the bond market will fall. The country will not be able to finance multi trillion dollar deficits at high interest rates.
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