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To: Terry Maloney who wrote (42566)	6/20/2002 6:12:39 AM
From: Rarebird	Read Replies (1) \| Respond to of 209892

It is an issue of credibility. The gulf between what is being said and what is being done has rarely been greater. The economic and financial situation in the U.S. is dire. I could set forth numerous examples to validate my point. But I'll just focus on one here: The U.S. Treasury has been asking that their debt limit be increased by $US 750 Billion. Congress is countering with an offer of $US 450 Billion. The Treasury is crying that this will only keep them going until December. Meanwhile, "they" are trying to pass a debt limit increase in secret. The problem is obvious. Since the last debt ceiling increase in August 1997, Treasury debt has increased by nearly $US 500 Billion. Congress and the Treasury have the problem of trying to explain how debt can increase by this amount over the same period as they were reporting five years of Treasury SURPLUSES! It won't wash - "they" know it - so they are trying to sweep the entire mess under the rug. Why sweep it under the rug? Because the average Joe already senses that he has been lied to for years.