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Huge Deficits May Alter U.S. Politics and Global Power

By DAVID E. SANGER

Projections suggest there is virtually no room over the next decade for new domestic initiatives for President Obama or his successors.

via The New York Times – Breaking News, World News & Multimedia.

Is there a chance then to restructure the whole country, its use of money and its quality of life? Or will debt holders force us to continue stupid production – for the money we then have to pay out?

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