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Subject:  Re: Venezuelan election October 7 Date:  10/4/2012  10:26 AM
Author:  dumaflotchie Number:  63933 of 97001

no politically conceivable combination of tax rises and spending cuts is going to be able to fix it. Default is inevitable on either issued debt, or promised benefits, or, most likely, both...


It is solvable IMO.

If you have the opportunity, pick up a copy of EndGame by Mauldin.

It is not too late if we act now.
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