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What is good for GM is good for the US..good read

Discussion in 'Political Discussion' started by ctpatsfan1, Jul 4, 2006.

  1. ctpatsfan1

    ctpatsfan1 On the Game Day Roster

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    http://finance.yahoo.com/columnist/article/richricher/4353

    I espcially liked this little fact.....just goes to show how fiscally irresponsible the Republicans have become......

    According to the U.S. Treasury Department, America's first 42 Presidents, from George Washington (1789) to Bill Clinton (2000), borrowed a combined total of $1.01 trillion from foreign governments and financial institutions. From 2000 to 2006, the Bush White House has borrowed $1.05 trillion alone. Yes, that means we have borrowed in the last 5 years what we had previously borrowed in the first 211 years of our country

    Americans need to wake up and understand that we are jeapordizing our children's and grandchildren's future with all this govt red ink. We are going to be beholden to the Chicoms and they are not going to have to raise one finger to defeat us, we are doing it to ourselves.
     
  2. maverick4

    maverick4 Banned

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    re

    China owns 800 billion of our debt. They could destroy our economy at any time the moment they don't need us to buy their products anymore.

    At the same time, the Euro will overtake the Dollar as the standard oil trading currency. Inflation will go through the roof when this happens.

    Young Americans will spend their entire lives paying for the poor financial choices made by our leaders.
     

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