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Wednesday, August 26, 2009

More predictions.....

It comes from both sides of the fence. Let me remind you only 9 short years ago.....remember the federal budget surpluses in fiscal years 1998-2000? The Bush Administration was projecting surpluses well past 2010 and Alan Greenspan mused what the federal government and financial markets would do when the privately held stock of public debt was repurchsed by the Treasury, one of the so-called "tyrannies of zero". Projecting budget deficits a decade into the future is total hubris and comical.

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