What level of debt (%)to GDP do you feel is appropriate? 1) Total federal (public) debt 2) Foreign holding of federal debt
And what % of federal debt per capita is OK? --- In FairfieldLife@yahoogroups.com, "John" <[EMAIL PROTECTED]> wrote: > > To All: > > It's obvious to everyone that the presidential candidates today and > the presidents of the past have failed to eliminate the USA national > debt. Both of the GOP and Democratic candidates conveniently forget > to address this question. Why? Because it's a growing cancer that > cannot be cured by campaign promises of lowering taxes. > > President Clinton came close to solving the debt issue when his > administration actually realized a budget surplus which helped reduce > the national debt--but not by much. > > In his quest to be elected, President Bush promised more tax cuts > which resulted in more deficit spending and eventual increase to the > national debt. > > Someone has to deliver the message to the American people that the > party is over. We have to face this problem now in order to > eliminate the problem within this generation or the next. > > But who is brave enough to speak such words to the people? >
