If half of the households in the United States do own stock in whatever way, that means the other half doesn’t. During the past six years, $3 trillion has been added to the National Debt. Tax-cuts for the rich and Big Bidness will turn out to be deferred taxes for tomorrow.
Foreigners now own the same amount — $3 Trillion — of the Public Debt. While Bush keeps talking about "cutting the deficit in half," close to another trillion dollars will be added to the National Debt before he leaves the White House.
In the meantime, Screaming Jim Cramer predicts another 1,500 point gain on the Dow AND a serious recession before the year is out.
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