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07-27-2009, 04:39 PM #1
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Feldstein: Cut Spending or Face the Music
Feldstein: Cut Spending or Face the Music
Monday, July 27, 2009 2:52 PM
By: Julie Crawshaw
A combination of large future fiscal deficits and foreign lenders' reduced willingness to buy U.S. securities means the dollar will drop and interest rates will rise, says economist Martin Feldstein.
“Without a fall in the dollar and the resulting rise in net exports, a higher saving rate and reduced consumer spending could push the U.S. economy into a deep recession,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
AMERICAN TAX PAYERS ARE TOLD SOCIAL SECURITY IS RUNNING OUT FOR...
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