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

To: yard_man who wrote (11397)	1/9/2003 5:34:03 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

foreign economies must grow their domestic demand we are abusing in horrendously inefficient style hard-earned savings from foreign sources do we use their money well? how? in spending on trinkets, new cars, clothes, things we dont need? in extending our credit toward limits? in warring with Islamics in faraway lands? in pork barrel projects like Mzippi Cruise Liners? ($700M) in hefty govt, military, judicial pensions? in paying interest on our $6400 billion Trez debt? soon we will need foreign money just to pay off our interest on all the debt when the deficits far exceed interest on the debt, look out when USA balance sheets are cleansed via millions more bankruptcies, and foreign lands no longer lend us their precious capital, instead developing their own constructive demand systems, only then will the world economy recover until then, we just dig a deeper hole and put off the inevitable recessions to a later day / jim