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Fiscal cliff...
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Posted 11/28/2012 12:34 (#2721509 - in reply to #2721413)
Subject: Re: Fiscal cliff...

Richland Center, Wi

I don't think there will be any substantive cuts to the federal budget until the bond market makes it clear that cuts are necessary. I'm looking at Greece as an example. It is going to mean (IMO) that our debt needs to be downgraded a few more times...yields will be forced up on the US bonds....when it becomes clear to the pols in Washington D.C. that balancing the budget has to happen, then it will.

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