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Politics : Ask Michael Burke

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To: Ilaine who wrote (45032)	1/30/1999 2:41:00 AM
From: Bonnie Bear	Read Replies (1) of 132070

come to the dark side... ustreas.gov here we have the national debt. As you can see, the stock market ("the economy") has always grown to meet the size of the debt, it used to be measured with the Dow. so the dow was about 500 when the debt was 500B, dow 1000 for debt 1000B, etc...and you can see that we should be at dow 5500 right about now. but there's a bunch of off-balance sheet thingies that kinda cropped up and the real debt is over 8 trillion, so we need an "economy" over 8 trillion to create enough taxes to pay for the installment payments. A big farce. Sooooo...with the bloated blimp of a stock market, guess where we are for market cap of the top 40 stocks? 5500 T. Top 100? 8.6 T, including "events" like yahoo and aol that suddenly show up there. Aaaaaamazing. The only way the feds can curb the disaster is to have MORE "economy" than debt so the tax payments are higher. So just who is the "smart" ones in this disaster? As for me, I get vertigo just looking at it all. :-(

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