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To: Oeconomicus who wrote (159736)	1/4/2004 11:10:37 PM
From: GST	Respond to of 164684

<I told you already - the current account deficit is its own financing.> Either you are too funny or you are nuts -- and so far you have not been very funny.

To: Oeconomicus who wrote (159736)	1/4/2004 11:18:42 PM
From: GST	Read Replies (1) \| Respond to of 164684

<The budget deficit has NOTHING to do with the current account balance.> I am sorry, I forget to include a third possibility -- that you are just dumb. When your friend Bush invaded Iraq, he had to borrow the money because he didn't have a nickel left to his name. He could have borrowed it from Americans, but they did not have the money either because saving money os for the other guy -- not for Americans. So he had to go offshore and see who might put up the money on our behalf -- he had to pass the hat around Asia. Those nice poor people in China loaned us the money so we could send out tanks and all the rest over to Iraq -- nice of them. Now you can add servicing the debt on those new loans to all the old loans -- including the loans Bush made to play Santa Claus with his rich friends -- he wanted to be able to send them all big checks in the mail but he had to borrow the money to do it. The US budget deficit is financed by foreigners, or didn;t you know that -- we owe them the money and the interest is added on to the current account deficit year after year until the debt is paid. Not only is the budget deficit related to the current account deficit, but it is in in fact a major contributor. Buy a clue -- unless of course you would have to borrow the money from China to finance the purchase.