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

To: TigerPaw who wrote (211618)	12/20/2001 11:03:59 AM
From: Neocon	Respond to of 769670

Since we are nowhere near a situation like that, your sarcasm falls flat.....

To: TigerPaw who wrote (211618)	12/21/2001 2:02:34 AM
From: aknahow	Read Replies (1) \| Respond to of 769670

Tiger, I suppose you sincerely believe that the debt of Argentina means that the U.S. debt is also a problem. The causes of the problems in Argentina are somewhat complex. The BBC just said this in an interesting article available today. news.bbc.co.uk So how did Argentina get into such a mess? The latest crisis stems from overspending on a national and domestic level during an economic slowdown. Much of the money has gone on the welfare state and wages, but some analysts have also blamed state corruption. As a result, the national debt has spiralled out of control. Argentina is well behind in meeting its economic targets under the existing $22bn loan programme with the IMF. Wonder why much, "analysis" on this board seems to take on a black or white political flavor rather than looking for real solutions. BTW I thought Robert Rubin was a great Clinton appointment. And while it had risk the concept of finincing the U.S. debt on the short end of the curve, worked out brilliantly, and saved billions in the cost of servicing the debt.