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Sunday, December 27, 2009

US debt limit increases

What can we say - congress increases our debt limit again. People, this is no good at all, because it means we are running out of the green. OK as people lose jobs they no longer pay taxes so there is a loss in tax revenue. Tragically, what this means is - our gov must raise debt limits and borrow more money. Interest rates will go up. Thus we are in a very bad position from which to recover.