VeriSexy:
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True but you can kiss all foreign investors good bye. Nobody will trust investing in US bonds anymore. They will nolonger be a safe investment.
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Sometimes it takes a little while for reality to hit the brain cells...
Bust is bust in any language - and being bust has repercussions.
Will it happen in 2005?? Doubt it. A country is the same as any biz - it takes longer than you think for the rot to reach rock bottom.
Tho can possibly see some effect before Bush departs the Presidency.
On the other hand... pigs can fly.