PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Thomas A Watson who wrote (410220)	5/30/2003 8:25:50 AM
From: Neocon	Read Replies (1) of 769670

I have tried to explain to him that sound accounting principles would dictate borrowing for capital expenditures as the best expedient in many instances, especially when the debt is fully collateralized. I am sure that the total value of federal assets, including land, buildings, and other resalable items, such as automobiles, is much greater than the cumulative debt. The main issue is whether debt can be comfortably carried, just as it is when one takes out a mortgage or buys a car. Im a situation of increasing income, and with the availability of liquifiable assets to adjust debt levels, it is unlikely that we will get out of control in dealing with the debt.

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