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Not a confidence-builder, the announcement was drowned in the public media by announcing Bernanke's reappointment. The projected debt for ten years went from $7T to $9T and who knows how much more except that one can be confident that the administration both doesn't know and wouldn't tell if it did. The innumerate philosophy is to kick the can down the road ( past the next election, anyway ) and blame the previous administration for all things bad.
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