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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (142396)	5/4/2001 1:20:53 AM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 769667

Is it such a good idea to eliminate government debt? As I understand USA government bond are the basis of currency reserve of most of the countries. Without USA bonds USA $ will not dominate world currency system and this is not good for USA. Government debt also basis of MM Funds and retirement funds. Also it seems that total debt is not what matter but DEBT to GDP. Even if we keep debt constant GDP growth and inflation will take care off the debt. Also you seems to argue that Government employ $$ more efficiently that private sector. What about you: Can you find a good use for $1000 Like invest in something? Or give it to local library ( A tip: If you do not have any good ideas donate it to UCSF :I need some equipment for my research) Since you work in private sector you probably do not know how much $$ rich people give away. A lot: and some of it is very efficiently deployed: we have new library build, student’s grants, research grants, ets. Most off the cleaning and replanting in Golden Gate Park in San Francisco, free art classes for kids – Private $$. This all come from $$ that RICH accumulated during their life AFTER THEY PAIED TAXES. I want more off this. Current Tax cut debate is about whether to pay down 5% Federal Government Debt or return money to the RICH people that seems to know how to invest it for significantly higher return.