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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (2854)	1/4/2001 12:13:46 PM
From: Sam	of 3536

Paul, Actually, I agree with you that paying down the debt entirely is a nutty idea. But I don't think it is nutty to pay it down gradually from current levels to something between 1 and 2 trillion dollars. I don't really know what the "right" number should be. Having too large a debt while at the same time running huge trade deficits seems like a dangerous situation, as dangerous as, say, being too dependent on foreign oil for our energy needs. Same idea, different commodity. We will, as a nation, require a very strong balance sheet when baby boomers get into their 70s and 80s. The debt will almost surely mushroom at that time again. Sam

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