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To: Sam Citron who wrote (25604)	12/4/2004 8:04:04 AM
From: Amy J	Respond to of 306849

This surprised me: "the ultimate drain from the new Medicare prescription-drug benefit will be greater than the current national debt. That's right. All prior unbalanced federal budgets will someday be topped by a single pre-election program for Medicare recipients The dominant theme, expressed by Republicans and Democrats, was a sense of fatalism that the debt problem would grow much worse before politicians are galvanized to take action." story.news.yahoo.com This part didn't surprise me: "America as "a country in emotional denial" over the coming debt crisis. Part of this head-in-the-sand attitude, I believe, stems from the inability of ordinary Americans to respond to statistic-filled articles about the extent of the nation's unfunded future obligations." Wishful thinking: "Japan and China hold too much American debt to be able to diversify discreetly. Instead, they are urging the Bush administration, in public and private, to get the American budget into better balance and to improve American saving rates." nytimes.com