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To: RetiredNow who wrote (17100)1/25/2001 3:15:18 PM
From: JakeStraw  Read Replies (1) | Respond to of 24042
 
>>More and more economists are saying that our debt is >>reasonable for a country with our GDP

That my friend is political horsesh*t. The same fuzzy logic was applied to the stock price & valuation justification for all the internet stocks.
First off I don't trust the goverment's accounting (and neither should you) and secondly our economy does not operate in a vacuum. If receipts go down, the goverment will have no choice but to keep selling their various I.O.U.'s. This game of getting in more debt to service the current debt has got to stop!