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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.29

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3:59 PM EST

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To: peterk who wrote (138548)	7/13/2005 11:33:54 AM
From: Whatnot	Read Replies (3) of 152472

While you are correct that our economy has grown, there has been a terrible deterioration in the national infrastructure. The cost to repair all the schools, bridges, roads, highways, airports and harbors runs into the trillions. In addition, the cost of a post high school education has gone up because revenues have not kept pace with expenditure. Access to education is the absolute key to a growing economy. All these things are insidious - no one thing jumps up and cripples the economy but added up over time, they have a huge impact. As we accumulate more debt (increasingly owed to Japan, China and England) we will find ourselves exporting our wealth in the form of interest payments rather than reinvesting it locally. Not a good long term strategy. And don't forget, while America's borrowings during the nation's early days were mostly for infrastructure purposes, most of our current borrowing is just to pay operational expenses - Medicare, social security, Iraq war etc... That is a recipe for disaster. When you have to borrow just to pay for your ‘lifestyle’ you are on a slippery slope.

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