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To: carranza2 who wrote (65174)6/18/2005 3:38:11 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
Manageable debt:

To: stockman_scott who wrote (164008) 6/10/2005 5:26:54 PM
From: Maurice Winn of 164416

<US Trade Deficit: $57 Billion for April > PER CAPITA that's only $200. In a year, that would be $2,400. In 10 years, that's $24,000. The annual interest on $24,000 at 5% is only $1,200 a year.

So the deficit can continue for a LOT of years before there's a big problem.

Out of an annual GDP of $40,000, $1,200 a year isn't the end of the world.

What, me worry?

MQURICE