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The American Empire in a Changing World



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Friday, March 25, 2011

'Britain's £200bn time bomb of debt interest'

from the Telegraph.UK


"Three powerfully negative effects are identified by the OBR. As a result of higher than expected inflation, living standards will fall for longer than previously anticipated, public borrowing will end up higher, and real terms cuts in public spending will have to be deeper"........read more here

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