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To: re3 who wrote (152718)2/8/2003 2:33:10 PM
From: GST  Respond to of 164684
 
The employment situation is getting worse in the US, at least I hear that from other people. The US economy is not in good shape. The deficits are soaring to remarkable new heights -- and the "official" deficit numbers of around $300 billion per year plus do not include the State deficits (which are mostly illegal), nor does it include something like $150 billion being taken from Social Security, nor does it include the price of going to war. Naturally everything related to government services must be cut - we have to pay for the war somehow and will do so by not having the basic services we expect from our government. And of course we assume the Chinese will lend us the money for all of this -- some foreign policy. For a mere $500 billion dollars, we get to find out first hand what it is like to live in Israel.



To: re3 who wrote (152718)2/8/2003 2:41:42 PM
From: GST  Respond to of 164684
 
Debt-Heavy Consumers Face Tough 2003

PHOENIX (Reuters) - U.S. consumers, saddled with huge debt loads, are poised to face even tougher times with more layoffs, rising oil prices and a looming U.S. war with Iraq, credit rating and asset-backed securities analysts said this week.

biz.yahoo.com