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Saturday, July 18, 2009

$1 Trillion Deficit

Reading this from the BBC I wonder why the US still is not a third world country, with its seemingly bottomless pit of debt. The deficit there has reached such astronomical levels largely as a result of additional governemnt spending for bail outs from the recession. China has a lot of dollars invested in the US and investors quite rightly are wondering what their return is going to be.

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