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To: hunchback who wrote (13683)8/24/2000 4:42:57 PM
From: UnBelievable  Read Replies (5) | Respond to of 436258
 
No nation on earth has ever owed this much to the rest of the world in absolute terms and been allowed to keep playing

An excerpt from the link hunch provided. It is a good thing Al keeps printing the dollars. We may need to burn them to keep warm this winter.

The US current account continued to drop even farther into uncharted territory. A major source of the problem continues to be petroleum imports. No nation on earth has ever owed this much to the rest of the world in absolute terms and been allowed to keep playing. Perhaps none of the mice can afford to bell the cat. The Congressional Budget Office has prepared an interesting analysis of the causes of the imbalance.

qv3.com