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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (518776)1/3/2004 9:38:06 AM
From: Neocon  Read Replies (2) of 769670
 
If you include mortgages and car loans, most people are in debt several times above their gross income. Additionally, there is nothing to fear from other countries so long as they want to get paid. They have to do it on the terms under which the bonds were sold, which means that if they cash them in prematurely, they will not get the matured value, and therefore will be giving us a discount. If they do wait for maturity, then it is business as usual........
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