NeoCon economic policy is virtually an oxymoron, it emobdies the worst excesses of greed, heartlessness and shortsightedness not to mention short term political gain and the cost of long term fiscal viability. The thing is, so far the US has been lucky, damn lucky, Asian central banks have had a varocious desire for US treasury bonds, particularly japan to keep their own currencies in check. In the short term, Japan is looking up and it`s odd (but effective) system of basically printing money and buying bonds with it (little more complicated in that but if you boil it down..) is coming to an end and as asian currencies float in the longer term, demand for US bonds will plummet. Yeilds are going to have to rise and servicing that debt is only going to get more and more painful.
Internal financial planning appears to be little more than a poitical sham, this admin has taken the nazi philosophy to propaganda - if you`re gonna lie, you may as well go the whole hog. God help the poor bastard who has to try and clear the mess up afterwards.
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Good friends, good books and a sleepy conscience: this is the ideal life.
- Twain
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