America has by far the largest deficit in the world.
You are now living on a maxed out credit card.



Payable to who, exactly?

"C.B. Evans" wrote in message
...


America has by far the largest deficit in the world.
You are now living on a maxed out credit card.



Payable to who, exactly?

http://www.publicdebt.treas.gov/opd/opd.htm

http://www.signonsandiego.com/uniont...20foreign.html

1.8 trillion is held by foreign and international investors.

Glenn D.

"Glenn Dowdy" wrote in message
...

"C.B. Evans" wrote in message
...


America has by far the largest deficit in the world.
You are now living on a maxed out credit card.



Payable to who, exactly?

http://www.publicdebt.treas.gov/opd/opd.htm

http://www.signonsandiego.com/uniont...20foreign.html

1.8 trillion is held by foreign and international investors.

Glenn D.


Exactly my point.

Glenn Dowdy wrote:

"C.B. Evans" wrote in message
...


America has by far the largest deficit in the world.
You are now living on a maxed out credit card.



Payable to who, exactly?


http://www.publicdebt.treas.gov/opd/opd.htm

http://www.signonsandiego.com/uniont...20foreign.html

1.8 trillion is held by foreign and international investors.

And when the standard of currency converts to the Euro in
the next year... Oops. Guess how many will start to call in
those loans? Suddenly we're left with a A rating credit-wise
(down 2-3 ranks fom where it is now), a 20-30% drop in the
dollar's value, and a 10% GNP defecit that Greenspan's wizardry
won't possibly keep in control.

But Bush and Kerry are there to tell us to work harder - to
become successful - while they drive around in limos and eat
lobster.