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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (548210)2/5/2010 11:42:48 AM
From: i-node  Read Replies (2) of 1575622
 
I still have a calmer view compared to those who push "we are facing utter ruin"

Tim, you are a very collected individual, no doubt.

But it is getting very difficult to see a way out of this mess. Even if Obama and the congress, overnight, became fiscally responsible, there is going to have to be some real pain inflicted on the American People to overcome this situation - especially wrt SS and Medicare, but also with Medicaid in the states and the number of people who are reliant on the federal government in one way or another.

Art Laffer wrote a good book a couple years ago concerning the end of prosperity. I think we're staring it in the face and I don't see anyone with the will to try and stop it.
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