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Thursday, October 21, 2010

Britain's economic response

Well, Great Britain will lay off 490,000 government workers. That will be quite a hit to their economy. As I thought about how this would play out in the U.S., I realized we will never do anything similar. \ Even though we face $1.3 trillion this fiscal year, we continue to spend like drunken sailors. No heed for the future, satiate our current desires. On this course, I believe the end of Pax Americana draws nigh.

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