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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (4963)11/21/2009 5:52:56 PM
From: Logain Ablar  Respond to of 26251
 
At the present rate / pace in approximately 7 years half of government expenditures will be for interest to service the debt.

This doesn't factor in higher interest rates, additional stimilus packages, increases in tax rates (in excess of those to occur when the Bush tax cuts expire) or current proposed stuff like cap and trade and health care.

Gold and hard assets.