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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (385731)4/4/2003 2:28:29 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
What a pickle!

If we repudiate the debt of the old regime (owed mostly to Russia, France, Germany, etc.) then we give the signal to everyone in the third world that it's OK for them to repudiate THEIR debts to us... which will piss off a lot of American investors like Citibank.

But if we pay the debt than there won't be enough oil money left to finance much rebuilding... and the American taxpayers will be socked with the bills.
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