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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (5318)	6/25/2001 9:12:41 PM
From: westpacific	Read Replies (2) \| Respond to of 74559

Your right, how stupid of me! DEBT IS GOOD, we all should run our personal lives like government!!!! The fact remains, we had an opportunity to retire the debt over the past 20 years of the long boom and we failed to do that. We are headed down the same road as Japan and France - our debt will grow in massive amounts. The surplus projections are an absolute joke! France, the system is bankrupt. Japan years away to dig out of hole. US just heading into that abyss - get ready for a nasty 6 to 10 year streak. Social Security, always felt it was robbery - a government has no right to tax and force me to save. Let alone invest my hard earned money at a crappy rate of return. Social Security like many taxes is just another way to rape the hard working people of America. And in the end give them a monthly check that can hardly buy them toilet paper. Greenie and his inflation agenda is taking care of that. West

To: Hawkmoon who wrote (5318)	6/25/2001 11:04:47 PM
From: LLCF	Respond to of 74559

<According to Ned Davis Research, the 50-year mean level of total credit as a percentage of the economy (GDP) was 177%. > <And btw, the US Public debt totals a mere 32% of total US GDP ($10 Trillion). > Lot's of private debt I guess. DAK

To: Hawkmoon who wrote (5318)	6/25/2001 11:05:56 PM
From: LLCF	Respond to of 74559

<According to Ned Davis Research, the 50-year mean level of total credit as a percentage of the economy (GDP) was 177%. > <And btw, the US Public debt totals a mere 32% of total US GDP ($10 Trillion). > Lot's of private debt I guess, including "public, private debt"... LOL: <Every year the Social Security Trust Fund (SSTF) generates a profit from FICA taxes above what the SSTF pays out, the US private national debt increases. The US PUBLIC debt may decrease, but the US PRIVATE DEBT increases by a like amount. IOW, a game of smoke and mirrors.> DAK