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

To: Peter O'Brien who wrote (421562)	7/1/2003 9:09:43 PM
From: Kevin Rose	Respond to of 769670

No, what matters is your ratio of debt to income. Since the US would never qualify for a conventional loan, let's be nice and compare the interest payment to debt ratio (i.e. how much of your annual income goes to paying your debt). 1950 14.5% 1960 10.0% 1970 10.0% 1980 14.5% 1990 25.7% 2000 19.0% 2004 26% (Estimate) At this rate, we're moving towards the point of no return; where our spending on the interest cannot be significantly reduced without sweeping cuts in the budget in ALL areas. Don't worry too much about Social Security; its gone. Worry about US solvency in the next 20 years.