--- In [email protected], akasha_108 <[EMAIL PROTECTED]> wrote: > --- In [email protected], TurquoiseB wrote: > > Wake up. The United States of America has to borrow > two billion dollars a day to stay afloat. I'd say > that the world was supporting them. > <snip to> > What are the conditions when that level of gov't borrowing is a bad > thing? Thats the relevant case to make. Which you have not begun.
And won't. I'm not the right person to be talking to about debts; I have none. I live on pretty much a cash basis, and like it that way. I know that people can come up with remarkable justi- fications for building up personal or governmental level of debts such as you describe, but it seems to me that all these theories are based on predictablility. The world's gonna be tomorrow pretty much what it is today. This guy's earning power isn't going to change. This country's earning power isn't going to change. No huge economic hits are going to spring up and bite us in the butt and hinder our ability to pay off the debts as originally planned. Excuse me, but aren't we discussing one of those unpleasant economic surprises biting a country in the butt right now? This disaster may wind up costing the country more -- in money that it doesn't really have -- than the war in Iraq, which they also paid for with money that they don't have, and the huge arms buildup and the tax cuts ordered by the Bushies, again to be paid for with money they don't really have. You see sound economic policy. I see a nation, and many of its people, acting like a crazed housewife whose Valium prescription has run out. So to sedate herself she goes out and charges up $100K on the family credit cards. Such behavior always seems like a good idea at the time. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
