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To: elfman2

It’s impossible to increase the fiscal size of government long term without raising taxes.




either that, or borrow billions from China, as we are doing right now.


247 posted on 09/25/2005 7:14:55 PM PDT by skeptical_con
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To: skeptical_con
"either that, or borrow billions from China, as we are doing right now."

Borrowing doesn’t replace, it just delays. But you know the phrase, “When you owe the bank a million, they own you. When you own the bank a billion, you own the bank.” China is much more dependent on trade with us as a percentage of GDP than visa versa, especially if Japan and Australia are thrown in. And that doesn't begin to address their other vulnerabilities.

252 posted on 09/26/2005 5:10:25 AM PDT by elfman2 (2 tacos short of a combination plate)
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