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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (87211)	12/19/2000 3:49:45 PM
From: Ahda	Respond to of 132070

Can we be non partisan about this and look at figures that are not dwindling by any means. publicdebt.treas.gov bondmarkets.com

To: Dave who wrote (87211)	12/19/2000 4:18:56 PM
From: Brasco One	Respond to of 132070

when we experienced the fastest debt increase in our nation's history. :0 not good bushkie...

To: Dave who wrote (87211)	12/19/2000 4:36:43 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Dave, one point worth clarifying in the 1980s we had excesses in public debt - BTW the democratic controlled congress appropriated the money to spend as stipulated in the Constitution so there is blame for all politicians. The dems used to joke about reagan's budgets which had some spending cuts to be DOA -dead on arrival. They wanted to spend more. Most important is the 1990s witness the greatest private ( business & consumers)debt excesses the world has ever known. What is most alarming is the debt which was used to fund consumption, share repurchases, dot.con companies and overinvestments in technology, real estate bubble in select areas does not provide the means to repay this debt. The critical point is that much of this debt was not used for productive purposes - a prelude to debt deflation and the attendant TL & EV ! Yes Virginia, there will be tough love! Mike