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Politics : Foreign Affairs Discussion Group

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To: michael97123 who wrote (98806)	5/22/2003 4:53:13 PM
From: Dennis O'Bell	Read Replies (1) of 281500

None of these tax breaks or other tweaks address the real problem, which is that some $500 million a day of debt has to flow in and be parked in the country for the indefinite future in order for the American economy to continue to function at all smoothly. The trade deficit and national debt is an enormous turd hanging over the punch bowl, and as long as this administration can continue to surf the sentiment following 9/11, there is little interest on their part to do something about this problem, so it'll be business as usual. If ever there is a stampede for the exits with foreigners pulling money out of the $US, we'll be in serious trouble to put it mildly. Perhaps the worst can be avoided, I don't know. What I do know is BS jive about tax breaks that won't put any significant amount of money in the average American's pocket are not the solution. Whether it's Democrats or Republicans, they all lie through their teeth to the public and fiddle with the numbers, so this is not a partisan issue.

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