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[b]The Trouble with Treblings[/b] (Apologies to Star Trek)
When discussing the loss of the AAA rating, sometimes the main point can be lost!
Can it be noted that the trebling of trillions is the reason for the trouble? That’s what raised the subject for the new Tea Party inhabited Congress, and then for S&P and Moody.
Yet given the incredible spending of the Obama administration and the previous Democratic Congress – little wonder the subject of downgrade came up!
The system is being overloaded, and I think that’s the point. The solution might be taking a look at the spending by the last Congress and reversing it.
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