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Consideration required
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... On Wed, 10 Feb 2010 13:34:18 -0500, John H wrote: Come talk to me in 2012 (when the end of the SS surplus is in sight) and see what everyone is talking about, including the Democrats. I guarantee it will be the debt crisis and the impending failure of Social Security. That would be true only if those particular Democrats have enough sense to see what's going on. The reality of the loss of the SS surplus will be on our door in 2012. If nothing else, they will not have that slush fund to attempt to balance the budget with, although with a deficit approaching $1T that is an insignificant number. The real question will be whether China decides to cash out of treasuries or what interest rate we will need to offer to keep them attractive. According to you. -- Nom=de=Plume |
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