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

To: Wowzer who wrote (53941)	8/23/2004 11:16:04 PM
From: Benchman	Respond to of 89467

Well my thought is that the debt ebb and flows through out history. We have high points and low points. I do not foresee it continuing at a pace that will put is jeopardy or pain. We'll see. Anything can happen, but we have had deficits for a long time. I mentioned over 20 years ago, because that's when I first paid attention to things like that, but I know we have had them before then. The NASDAQ market did not go straight up from 1981 to 2000 (NASDAQ crashed spring of 2000). I am pretty sure there was a decent pullback in the early 90's. Buffet invested in coke and gillette during the late 90's when the tech stocks were soaring. He's not always right.