PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Patricia Trinchero who wrote (147742)	5/23/2001 1:36:17 PM
From: aknahow	Read Replies (2) of 769670

Going on a spending spree once the debt is paid off is an argument for not paying it off! The debt is owed to all who own t bills, notes and bonds. About 40% of total debt is held by foreign governments. China is one of the biggest holders of U.S. government debt. When we buy more from countries than we sell them the dollars neted are invested in large part in U.S. debt securities.

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