Julie with a B

Thursday, February 24, 2005
 
"Honey I shrunk the dollar"
From Thomas Friedman's column:
"And the foreign holders of all those bonds are listening to our debate. They are listening to a country that is refusing to raise taxes, and an administration talking about borrowing an additional $2 trillion so Americans can invest some of their Social Security money in stocks. If that happened, it would almost certainly weaken the dollar, further depreciating the U.S. Treasury bonds held by all those foreigners."

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