Daily Archives: 24 September 2008

Owning America

I grant that I am not an economist, but it seems to me that, with the combination of the projected federal budget, the current federal deficit, and the proposed Wall Street bailout plan, the federal government will control more than 25 percent of the gross domestic product if the bailout plan passes. More correctly, the federal government will split that control with foreign governments who own a substantial share of our government’s debt. […] Continue reading

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