I know that it makes wingnuts heads explode when I say this, but our deficit economy is as much of a long-term National Security issue as any war we'll ever fight. And it's an issue that we're losing on, thanks to Preznit Lucky Sperm and his idiot-bastard colleagues.
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It is a threat, a big one. I expect it from Bush and his hacks, but Greenspan knows better. What that old bastard is doing (actively endorsing what he knows is a recipie for economic disaster) is criminal and should swing with the rest of 'em when we storm the gates.
Indirectly related. I found this while rooting around over at Ezra's:
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But this week, when I was flying, the headlines all should have punctured the bubble we were flying in. The International Energy Agency says oil is in short supply, recommends conservation. The second highest monthly trade deficit ever. Oil approaches record price. The falling dollar. Trade gap widens. China is muscling private oil drillers in its country. The dollar continues to fall against the Euro. Imports of cotton trousers up 1000%. The headlines are insistent. Repetitive.
Here we were, burning up jet fuel so we could arrange to ship goods all the way around the world to a bunch of people, an entire country, who can’t or won’t pay their debts. But the words kept streaming by. THIS FLIGHT CAN’T GO ON ANY LONGER. GET OFF THE PLANE, IT’S GOING TO CRASH, the newspaper headlines might as well have said.
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