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View Diary: Krugman:  Their Own Private Europe (133 comments)

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  •  There are only two things wrong with (1+ / 0-)
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    Calamity Jean

    the U.S. debt at present:

    1. China by funding part of it is driving the interest that the bond brokers could demand down;
    1. The Social Security Trust Fund being borrowed to fund part of it is also driving the interest rate down, in addition to preventing Wall Street from playing with that pot and earning fees and interest from investments.

    The reason the deficit was not a problem during Bush/Cheney was because the income from lending was flowing into the right pockets.

    It's who's getting the money, not how much there is.

    The conservative mind relies mainly on what is plain to see.

    by hannah on Fri Jan 28, 2011 at 07:31:19 AM PST

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