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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: bodie who wrote (6121)	8/9/1998 2:23:00 AM
From: Tony	Read Replies (1) \| Respond to of 8879

Whatever. The US is not augmenting it's income to pay off its debt, nor is it generally involved in commercial activities. Yes, the excess of social security taxes collected over current payments is rolled into the general fund to create "surpluses", but that money is not generally used to pay off the principal debt. If it was, existing debt would not be growing by ~2 billions/ buisness day. Incidentally, I understated the US public debt by approximately 1 trillion. As of 8/06/1998, the public debt was $5,517,902,323,771.68 (source publicdebt.treas.gov - webpage of the buereau of public debt, US department of treasury). The point I was trying to make was that the existance of a large national debt does not directly correlate with an intense desire by a national government to pay that debt off. Further, TGW being retired, and presumably of age to draw SS, has earned it. In fact, unless he retired before 1942, he earned it by paying taxes just like you and I. Whether or not people like him has nothing to do with whether he should recieve benefits. Regardless of what you saw on CNBC, Kenya's $250.00/person nat. debt is trivial in today's world (I should also note that Kenya has a balanced budget (re:1997 CIA World Factbook) and therefore, so long as they make their payments, they will not feel substantial pressure due to their debt. Dominica's per capita national debt is exagerated by the small population, but at ~$5,000 per, is also insignificant. Further, with 15% unemployment, this project does nothing to assist the people of Dominica (How many employees does an online casino need? 2-3?) (I'm also curious on your sources. '97 CIA world factbook gives Dominica's total debt at 110M, which gives a smaller per capita debt figure). I have no problem with GLOW. I took my profit and may buy back in in the future, but I just don't see any reason to assume that the Gov't of Dominica is desperate for this project to go forward. -Tony