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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 (93695)	4/22/2008 1:23:00 AM
From: John Vosilla	Respond to of 110194

'In American politics, the big lie is that we don't need to face up to the rot and decay of our national finances. Some politicians will say we need to face up to the rot and decay of our most valuable infrastructure -- our educational system.' All is fine..half of our total budget goes towards defense/war, welfare and entitlements and interest on the debt..Scary all three are going to get much larger in coming years plus we have all the pressing needs you mentioned that insures 7-10%+ annual growth in total expenditures the rest of our lives.. Yeah I can now see that deflation from the $1 Trillion cost of this housing/credit fiasco coming our way for sure now<g>..