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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (42998)3/3/2001 11:12:40 PM
From: michael97123  Read Replies (1) | Respond to of 70976
 
Jacob,
US is in a unique position in todays world. US Dollar is the gold standard. Some Debt is good for us and the world. Jefferson was talking to this subject in our nations infancy. What really counts is the percentage of debt to the size of the overall economy. In those terms the debt really shrinks if it stays the same while the economy grows. And paying off the debt ultimately by the purchase of stocks by government is not a solution because it will crowd out venture capital for blue chips. Tax cuts yields investment in new inventions technology etc. Mike