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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (754888)	11/23/2006 11:47:47 AM
From: DuckTapeSunroof	Respond to of 769670

LOL! Yeah, right... people actually LIKE being cheated out of their money by governments that lie and renege! SURE THEY DO! (Why... they are apt to forget it ever happened and go right back and fork over even more money, so they can be fleeced AGAIN. People are really LIKE that... they just LOVE to be cheated!) :-)

To: longnshort who wrote (754888)	11/23/2006 12:39:01 PM
From: pompsander	Read Replies (2) \| Respond to of 769670

"That wouldn't happen, people would still pour their money into the USA, they know what all the other countries are like" If we repudiate our debt, nobody would put another dollar in the USA without security other than "our word" that we will pay them back. The "riskless" USA would immediately move into the same catagory of high risk third world countries. For anyone to put money here under your master plan we would have to pay a risk premium in the form of hugely higher interest rates...which would kill our economy and make our debt all the higher. Not a plan I think we should consider.