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To: Al Cern who wrote (6351)1/20/1998 6:52:00 PM
From: Bobby Yellin  Respond to of 116782
 
41,000,000 americans without health insurance..you think that spells
affluence? When there is the next recession, wonder what will happen
to people when their retirement funds slide big time..
Most of the people I talk to are working harder than they have ever
worked and aren't saving much at all because they have to pay for
little extras like child's care etc,huge rents,huge maintenance etc..
Others are much richer on paper in their retirement accounts which
they don't touch..
People in high tech are the exception...one of my friends said his
friend was complaining because he was only getting 3000 a day creating
database design and though he was worth a lot more..another friend
said his brother sold his high tech start up for over 5 million..
Please give me examples and answer the first part about the 41,000,000..I am always willing to change my mind..
bobby
(ps even if I think we are not brilliant, I my love my country)



To: Al Cern who wrote (6351)1/20/1998 7:36:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116782
 
forgot about the average credit card holder in debt for 6500..
maybe that doesn't look high since with the national debt, average
per person I think is over 20,000..
please explain these numbers as to affluence? I am certain there
are easier ways to find tax breaks and what is the average credit
card interest these days..I don't think is the same as the current
interest rate..also haven't been tracking the latest bankruptcy rate..



To: Al Cern who wrote (6351)1/20/1998 8:20:00 PM
From: Richnorth  Respond to of 116782
 
Given what you have just said Americans must be much smarter, because they have
imported their way to affluence. Not only that, but they have done it with their own
dollars, they are brilliant.


Oh really? Don't forget that the U.S., as the issuer of the world's resrve currency, enjoy immense political and economic advantages. Unfortunately such advantages are somewhat hollow in that the US is up to its eyeballs in debt (>$5 trillion) and growing daily. Paper dollars are essentially a joke (and we are all jokers!) in that the dollar's support is based on nothing more than mere delusion and on confidence which is likely to evaporate at a moment's notice.

Besides the U.S. is wracked by a slew of social (domestic) problems.