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To: Ahda who wrote (51974)	4/27/2000 12:28:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 116756

Yes it takes others a great deal of time to realize how wonderful debt is. Debt is nothing more than spending now what you expect to earn tomorrow. If US workers perceive that the economy is of such strength that they can "mortgage" their futures, feeling secure that they will have jobs to make those payments, they will do so. On the other hand, the Japanese have trillions of dollars (in yen) of savings and they are spending very little of it out of fear for the future. From what i have read Japan invested one huge sum into modernizing and bringing things up to par tech wise. Maybe in some ways. But we saw the Japanese govt just last fall take on Billions of dollars in debt to spur economic growth (priming the pump), but wasting it on non-profit producing projects. They are directing where that money will be spent instead of creating the conditions where private industry makes the choices. Still a "top-down" governmentally controlled economy posing as capitalism. And you are quite correct that we import intellectual talent. But the question is "Why do they come here"? It is because we, as Americans, perceive their individual worth and compensate them appropriately for their skills. On imported talent we went to the moon, developed jet aircraft, and built the atomic bomb. And those people became US citizens and prospered here. That is what has always made this country great and will continue to serve as a model for the rest of the world. The US is a cultural and economic melting pot bound by a unified belief in freedom and opportunity (minus the current govt BS over Elian Gonzalez). Regards, Ron