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Home loans made clear

A speech the like of which we are unlikely to hear in ACT politics

By johnboy 22 January 2013 44

If you haven’t had a listen to Barack Obama’s second inaugural address it’s well worth a listen.

While meant for an American audience it struck me that he’s getting close to a viable political philosophy for the 21st century in stark contrast to the ever more tired nostrums of Australia’s political parties.

barack obama

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A speech the like of which we are unlikely to hear in ACT politics
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DrKoresh 3:48 pm 24 Jan 13

FrenchRioter said :

Clearly, the richs should not be blamed for all the problems. It’s the working people who should be blamed. And they should be blamed for not fighting for democracy. Because they believe that voting = democracy.

For all this fine nation’s faults, I don’t think we need to be taking advice from France. Maybe when you guys chill-out on the religious conflicts and lay-off the institutionalised racism we can have a chat together about how to run a country properly.

thebrownstreak69 1:22 pm 24 Jan 13

davo101 said :

Tetranitrate said :

Yields on 30 year US government debt are at this moment 3.05%, 10 years 1.86%. Short term yields lower. In the long run US inflation is somewhere around 3%. Oh shock horror. The market that your worship seems to think US government debt is quiet sustainable.
More importantly though it’s literally impossible for the USA to involuntarily default since their liabilities are in their own currency.

Also around 70% of the debt is held by Americans, and something like half is held by the US government itself.

+1. The numbers are big, but the issue is more political than financial. Their biggest problem is trying to resolve the gap between the rich and poor.

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