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By proudlefty, February 3, 2008 at 3:30 pm Link to this comment
Bush has managed to set a new world record! Over 3 trillion for one year, for the first time ever!
He must be so proud!
By tigger, January 28, 2008 at 4:01 pm Link to this comment
Seriously, thats all we are ever going to see in the US is a large black hole of debt. Debt that has been mounting since the 1960’s when Medicare/Medicaid programs were expanded. So how does one get themselves out of debt! For one quit spending, don’t charge what you can’t pay back, and finally cut up the cards. Pay cash!!
The housing problem is going to get worse before better. Here we are stuck with rising mortgages because we don’t even get raises to meet the cost of living.
President Bush’s idea of giving back money is not going to help the economy fast enough. If he wanted to help he would fund the US and not the wars he has created! Though some would disagree but…think about all the money that has been spent over there and New Orleans is still a mess?
Yes, we need a new leader. Politics is what it is ...and we’ll see who can change the shoes!!
By hippy pam, January 26, 2008 at 5:41 pm Link to this comment
his imperial higha** emperor bullsh*t WILL BE REMEMBERED as will his PRESIDENCY[both terms].THE IDIOT CANNOT EVEN SAY “NUCLEAR”.HE HAS TO REALIZE-BY NOW-HOW STUPID HE IS AND HOW INEFFECTUAL HE HAS BEEN AT DOING EVEN ONE POSITIVE THING FOR THIS COUNTRY OR ITS’ CITIZENS….Hopefully the people WILL NOT FORGET AND WILL HOLD HIM ACCOUNTABLE..SOMEHOW..
By Douglas Chalmers, January 25, 2008 at 6:27 am Link to this comment
Big black hole on impact, uhh!
Japan survived the last financial crisis because it had money to lend (its called “savings”) - even if it was at 0% interest. That created a “carry trade” and all sorts of monkey business was then possible.
The USA has no money, only debt, debt and more debt. Foreign debt, trade debt, overpriced real estate mortgage debt, overpriced share market debt, derivatives debt, futures debt, sub-prime mortgage debt, credit card debt….....
So, when the USA arrives at or near 0%, it can only default - or go to war!!!
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