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04:44 AM
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I called it today. AND I WAS RIGHT!!!! Debt crisis IS OVER. YOU SHOULD HAVE TRUSTED ME
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[quote:Limpan:MV8yMzgzMjkxXzQwNzk4ODI5X0NFQjAzNTE4] [b][color=red]Both sides of the story[/color][/b] [b][color=olive]WHETHER or not the United States defaults on its debts this week, the mere fact that the possibility is being discussed is a game-changer. At last, lots of people are seriously wondering just how long a chronic debtor can be trusted to repay its creditors with still more borrowed cash or IOUs. People are finally waking up to the fact that you can’t keep printing money without lowering the purchasing power of each dollar in circulation. That dollar you lent two years ago, when it comes back to you with not very much interest, will buy less in the present market than it did before. You’ve lost, and so has every other creditor. So what went wrong with Uncle Sam? The lunar right claim it’s all the fault of social programs. Keeping bludgers on life-support is killing the country, they say. If they can’t afford bread then let them eat cake, the time-honoured theory seems to run. [/color][/b] http://www.theherald.com.au/story/1842716/ian-kirkwood-banking-on-bad-debt/?cs=303 [/quote]
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100% certain about this.....
WASHINGTON (AP) — Senate Majority Leader Harry Reid says he’s getting closer to a deal with Republican leader Mitch McConnell that would increase the nation’s borrowing authority and end the 2-week-old government shutdown.
Reid made the comments to reporters on Monday after emerging from a meeting with McConnell that lasted just over a half hour.
Reid said they would continue to work on it and hoped to have something to present to President Barack Obama at a White House meeting Monday afternoon.
[
link to www.boston.com
]
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