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How else do you get China to keep buying our debt? You have to collateralise it with something.
I didn't like it when the Bush administration spent us into a hole (though apparently it was patriotic back then), and I don't like it now that Obama is doing the same thing.
We should be lowering taxes on the middle class (and by significantly more than $15), and not raising them on the rich. Once (if) our economy gets back in shape then we can raise taxes and knock down the debt.
Steve
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If you can't stay on the road, get off it!!
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