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THE Biggest Winner in the Tax Cut Deal?

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rndmprsn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:29 PM
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THE Biggest Winner in the Tax Cut Deal?
China
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:30 PM
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1. You nailed it n/t
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:34 PM
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2. Explain it to me. nt
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:37 PM
Response to Reply #2
4. Like they will buy that $900 billion in debt and your grandchildren
will pay it back.
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:41 PM
Response to Reply #4
7. Thanks!! nt
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:38 PM
Response to Reply #2
5. To cover these tax cuts we have to borrow more money, and the only people who have it to lend is?
Answer: China.

The tax cuts create larger deficits. Larger deficits create larger debt.

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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:40 PM
Response to Reply #5
6. Thanks! nt
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 10:35 PM
Response to Original message
3. I'll tell you what if I knew of a true Tea Party movement that was
really truly concerned about the debt rather than electing Republicans I would join it in a minute. IMHO the debt is the by far the most serious problem we face and nobody from either party is taking responsibility. This country is heading the way of Greece and Ireland.
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martymar64 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 11:26 PM
Response to Reply #3
8. Actually we're more headed the way of the Soviet Union and Obama is Gorbachev
I've been saying this for years and events just might prove me right.
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