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Time's Insights

Traders Magazine, November 2010

Michael Scotti

Some issues never die. I recently saw a Time magazine headline that amazed me. It read: "Is the U.S. Going Broke?" There was a rendering of Uncle Sam with empty pockets. How relevant, I thought, given the recent massive government spending. However, the issue was from March 13, 1972. I thought I was in a time warp. Nothing seems to change: The cover story examined rising taxes, the middle-class squeeze and paying for government workers.

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