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To: carranza2 who wrote (64686)	6/7/2005 4:38:21 PM
From: Maurice Winn	Respond to of 74559

Oopps, I was rushing to go out and didn't even read my post. There was a slight decimal point error: <$700 billion trade deficit? Let's see, there are 280 million USAers so that's only $2,500 per American. That's not much to borrow when annual GDP per captia is something like $50,000 or maybe it's only $40,000 and sales of MSFT and QCOM and GOOG are zooming. The interest on $2,500 is only about $700 a year. That's only a little bit out of $40,000> Of course the interest on $2,500 isn't $700 a year. If at say 4%, it's only $100 a year or if at 6% it's $150 a year. I don't think that even $200 a year will be much problem for a GDP per capita of $40,000. That can't just carry on. But borrowing for a while is fine. Heck, I did it myself to fund Globalstar - duh! I'd have been better off to do as USAers do and borrow to buy a Lexus. Mqurice