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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (8069)	10/13/2002 5:58:14 AM
From: smolejv@gmx.net	Respond to of 89467

re >>...$1090 B/yr in interest income versus $590B in interest expense paid so lower rates are subsidizing the younger indebted homeowners at the expense of the older retired citizens living off interest and dividends...<< The total exposure by foreigners to the US dollar - as measured by aggregate foreign-owned assets - is well beyond 9T$ (T for Tera, Terrific, Terrifying or Trillion, make your pick).For instance, the foreigners hold the largest chunk of treasuries. Of course it's the retired, and they're closest to home (just check down your own street or how some Sun City is doing) but there's more to the story than just that.