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Monday, August 6th, 2007

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More or less by coincidence, earlier today I read a series of articles relating to US government spending. Between the aging infrastructure, expensive wars, rising healthcare costs, the legacy of tax cuts and budget deficit and the subprime lending collapse and housing bubble (which I haven't just read about so don't have a link to hand), I get an impression of a US economy a few years away from a rapid terminal decline. I wonder what the reality is?

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