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Morgan Stanley calls Bush Economic Policies "Insane"

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M Dogg™:

--- Quote from: dexter on January 27, 2005, 10:09:22 AM ---the Right Wing GOP
is the BLAME!

--- End quote ---

actually it was Ronald Reagon that was the one that put us in debt.

I'm serious, what we need is for the people we own money to call the president everyday, and put a collection agency on the U.S. government. They do it to broke ass people like me that don't have two nickles to rub together, but the U.S. is in debt trillions of dollars, and I know for a fact, that is you have bill collectors going after the president, then Bush would have never broken the balence budget that Clinton had in the 90's that was suppose to erase the debt.

Ant:
Well the U.S. government does pay its debt.  When you borrow you have to pay interest.  We meet all our interest payments.  There is an international bill collector, its called the IMF.  The problem with the U.S. debt is that as our debt increases, so do our debt payments, which in effect make our tax dollars less valuable since a higher percentage of our tax dollars go towards servicing our debt.  Deficits also tend to devalue currency, which is why the U.S. dollar continues to drop in value. 

Woodrow:

GREAT POST!

Matrix Heart:

--- Quote from: Woodrow on January 30, 2005, 05:45:25 PM ---
GREAT POST!

--- End quote ---


 :D

dexter:
The USA is going Broke LOL

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