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the big problem that almost no one talks about or understands is the federal decifit, brought on mostly by funding the iraqi war, and loss of tax base due to exporting of american jobs.
what this means is this:
within the next 36 months we will have HUGE inflationary rates as the government prints money to pay bills.
if you kids are not homeowners now, it is very likely you will be renters the rest of your life.
i saw what happened in calif in the late seventies---that scenario will happen all over america.
we will become a nation of haves, and have-nots.
if you can buy real estate at all, do it right now.
people may not have liked bill clinton, but he left office with a huge budget surplus, which helped keep inflation low.
bush inherited that huge budget surplus, pissed it away in four years and now we have the BIGGEST FEDERAL DEFICIT IN US HISTORY, and you will see the ripple effect of that mistake in the coming months.
sorry, but that's the truth.
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