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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (224533)	3/16/2005 9:53:18 PM
From: i-node	Read Replies (2) \| Respond to of 1572605

>> .Ok, what happens when foreign countries are no longer interested in buying $400 billion plus of Treasuries every year to cover the deficit? Interest rates go up. The only true threats to our national economy's viability are failed social programs, particularly SS, Medicare and state Medicaid programs. Our national debt is nothing compared to our national asset base. If we can get SS shored up then we can start thinking about these other programs.

To: combjelly who wrote (224533)	3/17/2005 1:13:23 PM
From: TimF	Read Replies (1) \| Respond to of 1572605

Ok, what happens when foreign countries are no longer interested in buying $400 billion plus of Treasuries every year to cover the deficit? They aren't buying $400 billion plus of treasuries to cover the deficit. When they refuse to buy whatever level they are buying then interest rates go up. Tim