AP
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Wed Oct-15-03 05:21 PM
Response to Original message |
17. A lot of big corps are benefitting from lower taxes and from |
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a shift of what money the gov't does have into their pockets.
That can create the appearance of a recovery. Howerver, the sooner people the debtholders realize that we won't be able to pay it back, the sooner there will be a problem.
I think the ceiling that the debtholders are looking for is, sort of, what's the tolerance of the American people to accept a lie? I think the fact that CA'ians just bought into the idea that Arnold is governor material might have convinced the debtholders that America can be suckered into anything, like, getting rid of SS, accepting a total shift of the income tax burden to the middle class, that less is more, etc. etc.
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