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

To: Scumbria who wrote (154790)	6/21/2001 7:36:12 PM
From: Ish	Read Replies (2) \| Respond to of 769670

<<We the taxpayers pay between $500 million and $1 billion every day in interest on this debt. >> So pay your share.

To: Scumbria who wrote (154790)	6/21/2001 7:39:14 PM
From: Gordon A. Langston	Respond to of 769670

The Treasury's debt buyback proposal is really about the management of a given stock of debt rather than about its absolute level or its level relative to GDP. The Treasury's proposal aims to improve liquidity in the Treasury market and amounts to debt management of the type that most corporations perform on their balance sheets. The Treasury's debt management proposal would involve the purchase of some illiquid issues, particularly longer maturities financed in turn by the issue of shorter-term government debt. The fundamental constraint on a benefit to the U.S. government from this debt management is the fact that virtually all of U.S. government debt is not callable. That is, the debt cannot be retired before maturity at par. Rather, it must be purchased in the marketplace at prices that fully reflect the unusually higher coupon level that such debt may carry. For example, the U.S. government bonds that mature in November of 2006 carry a market price of $1432 per unit, well above the par value of $1,000 per unit. This reflects the fact that investors who purchased 30-year bonds yielding 14 percent at a time when U.S. inflation was high and the finances of the U.S. government were less sound than they are today have reaped a windfall gain from their purchase of U.S. government bonds. That is because now U.S. government bonds of comparable maturities yield between 5.5 and 6.0 percent and so the owner of a U.S. government bond yielding 14 percent is not going to yield up his high-yielding bond for anything less than a price that fully reflects the present discounted value of that higher yield, in this case an extra $432 per $1000 of face value. waysandmeans.house.gov 4.2) How do you make a contribution to reduce the debt? Please follow these important steps to make a contribution to reduce the debt. 1.Make check payable to the "Bureau of the Public Debt" 2.In the memo section of the check, make sure you write "Gift to reduce the Debt Held by the Public " 3.Mail check to - ATTN DEPT G BUREAU OF THE PUBLIC DEBT P O BOX 2188 PARKERSBURG, WV 26106-2188 We should pledge to send our refunds here, they'll certainly take care of the majority of the interest.

To: Scumbria who wrote (154790)	6/21/2001 7:50:11 PM
From: Srexley	Read Replies (2) \| Respond to of 769670

"between $500 million and $1 billion" nice correction from your earlier claims "We the taxpayers" 60% of the taxpayers don't even pay enough to get the $300 rebate. You rail against a tax cut "for the richest 1%". So what you are saying is the people in the highest tax bracket should take care of this problem (or most of it anyway) for you and the rest of America. All the while the dems portray this group as a bunch of greedy ingrates. "obscene rape of the taxpayers" I suggest changeing the word "rape" to "reality". We have it, and now we gotta pay for it.