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LM: President Bush and Congress recently worked out an agreement on an economic stimulus bill. If you were in Congress for the vote on this bill would you have voted for it?
Bailey: It is truly amazing how quickly Congress can act when it stimulates their reelection. Since Congress is running a deficit of one billion dollars per day, any additional spending will be offset with a further devaluation of the dollar causing a loss of buying power equal to the “rebate”. The money for the “stimulus” bill will be paid with money borrowed from China and Saudi Arabia.