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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (91240)	2/4/2008 8:58:54 PM
From: glenn_a	Read Replies (2) \| Respond to of 110194

((U.S. President George W. Bush forecast the U.S. budget deficit would more than double in 2008 and blamed a softer economy as he unveiled a $3.1 trillion spending plan for fiscal 2009 on Monday that would nearly freeze domestic programs.)) Fascinating. Freeze domestic programs, but spend money like a drunken sailor on a never-ending war against "terror". I can't see the US populace supporting an all guns and no butter strategy indefinitely. But who knows. Wonder if the US will soon face it's own form of a Structural Adjustment Program of the variety forced on debt-strapped emerging economies of the 1990's? g