The Chinese are worried

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Suckers.

I liked this part about unfunded liabilities (healthcare, social security, etc):

We at the Dallas Fed believe the total is over $99 trillion," he said in February.

"This situation is of your own creation. When you berate your representatives or senators or presidents for the mess we are in, you are really berating yourself. You elect them," he said.

His warning comes amid growing fears that America could lose its AAA sovereign rating.

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This page contains a single entry by foo.c published on May 27, 2009 8:58 AM.

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