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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (9162)11/13/2002 3:53:56 PM
From: smolejv@gmx.net  Read Replies (1) of 89467
 
>>Americans think the trade gap is no big deal, even at 5-6% of US GDP<<

What's extra ridiculous in this situation, is the ridicule, EU is exposed to, with Germany in the front line, because of the concerns over state deficits. "They are sooo dumb - they just oil the presses, but dont know how to push the damn button to start them".

With Duisenberg stressing in his unpretentious fashion the importance of keeping the fiscal sanity (no deficit spending can fix structural deficits or imbalances).

>>- Americans dont regard our nation as vulnerable since 45% of the FedDebt is foreign owned<< Looks more like a non-issue. And in case somebody politely listens to this argument, the standard answer is "but look at how productivity has been rising in US".
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