``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Thursday, October 05, 2006

Deeper and Deeper (NYT)

it's not paying anything to foreign creditors.

they roll the debt over, like everybody else.

otherwise they'd have to spend the dollars in the US economy, and the reason they bought the debt is that they didn't want to.

For the first time in at least 90 years, the United States is paying noticeably more to foreign creditors than it receives from its investments abroad.


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