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For First Time, Treasury Notes Are Riskier Than German Bunds

Submitted by John House, Mar 12, 2008 20:17

Never has anyone successfully brought to question the full faith and credit of the United States government before now.

I remember during the Reagan administration that an immigrant willed his life's savings to the United States government. I also remember Reagan's warning about a government that could take everything from you.

Through an adventurous and ill-conceived foreign policy, abdicating our responsibility to protect our citizens from natural disaster, a tax policy that subsidizes the wealthy and poor, and failure to prudently regulate the marketplace for the benefit of all, we now have a president who wants everyone's life savings, whether we will it or not.


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Never has anyone successfully brought to question the full faith and credit of the United States government before now. I remember...

John House 

Mar 12, 2008 20:17

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