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To: waverider who wrote (22064)	5/15/1998 11:30:00 AM
From: Broken_Clock	Read Replies (4) \| Respond to of 95453

OTDiamond ....I posted the link to the debt clock for the USA. Please post where you are getting your facts from(you stated "overall the health of the economy and our debt ratio is good."). If you don't have the numbers, it might be a good idea to find some. You don't base your information solely on the nightly news do you? The fact that the market is up is not proof that all is well. It is proof that we are heavily invested in the market. I suppose you could argue the point on money supply....Tell me this tho: What happens to our money supply in the USA is 1/4 of the $ overseas are brought home? 1/2? 100%? Do you know how much of it is out there being held by people that don't even like us as a nation? One last thought....each person in the USA currently owes over 20k. Mos all of the debt(thanks to Bill Clinton) is now short term, not 30 year anymore. There are 5 inmy immediate family. I couldn't assume that debt to pay it off if asked. That is why I pay 35%+ in taxes each year....just to service it. What happens if rates rise from 6% to say 8% again? Do you have any idea of what that would do to our debt burden? The monmey supply has helped keep omterest rates dow. The FED has flooded us with $. It has to stp at some point. When it does....look out. Indonesia went from cave man times to prosperity in 3o years. Did you watch the news last night? They went back to caveman in a few months....when the gravy train leaves the station then all hell breaks llose. Look at how often it has happened this century. Germany was the apple of Europe and has completely crumbled twice this past 100 years. It can happen.