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Politics : Politics of Energy
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To: TimF who wrote (8554)5/27/2009 3:49:06 PM
From: RetiredNow  Read Replies (1) of 86356
 
Agreed. Entitlements are going to kill our economy. The GOP wasn't successful at cutting expenses during the good times and now that our economy is in the shitter, the Dems are pulling it out of recession by increasing gov't spending to counteract the contraction in private and consumer spending, monetizing the debt along the way. So there's less room to solve the problem now, because the politics of cutting entitlement spending right now don't work for either party.

One thing we know about our gov't is that they don't solve problems until they blow up. So just watch and wait. Nothing will be solved wrt Entitlements until the Chinese stop buying Treasuries. Then watch out below. We thought 2008 was bad. Just wait until the dollar really collapses. We'll lose 75% in a year, not just the 40-50% lost last year.
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