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To: Bill Harmond who wrote (135932)12/18/2001 10:39:50 AM
From: craig crawford  Read Replies (1) | Respond to of 164685
 
>> If we build wealth faster than we incur debt (which we do and have) then I think we're OK. To me the borrowed money isn't being burned, it's being put to work. <<

it sure is. it's being put to work by the clever, calculating, con-artist communists in congress via confiscation and redistribution.

>> America has been a debtor nation more often than not for our entire history. <<

there is a clear difference between incurring debt for productive endeavors that will pay off in the future rather than our current proclivity for piling up debt simply to make social transfer payments. of course it's only going to get worse as our population ages rapidly and generations of our children are indoctrinated with lazy, lackadaisical, languid, licentious, lascivious, learnings from the left.

p.s. the u.s. was largely a creditor nation during the period from the civil war until world war one. gosh, we even pursued "protectionism" during that span, and only one democrat inhabited the white house the whole time (the second only because fdr and taft split the republican vote and that lying commie bastard w. wilson skated in). not only were we not in debt, we didn't even have an income tax!

imagine that...