tag:blogger.com,1999:blog-13598068.post6550751673732126974..comments2023-06-12T16:23:02.561-05:00Comments on Red Ink: Texas: Subprime Post-MortemRorschachhttp://www.blogger.com/profile/11848860674369931761noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13598068.post-88554552759010571172009-03-21T09:41:00.000-05:002009-03-21T09:41:00.000-05:00The federal government is creating a new bubble ("...The federal government is creating a new bubble ("deficit spending") to replace the burst housing bubble.<BR/><BR/>Except when this new bubble bursts (and it will, they all do) there is no action that they can take to fix it except to default on its obligations. <BR/><BR/>DonAnonymousnoreply@blogger.com