| Jay Williams 2006-08-03, 3:47 am |
| the National Debt is not the same as money borrowed from China (I still
haven't seen any verification of that). No one here doubts there is a
national debt, I think the doubt is whether we borrowed from China.
Personally, I have no idea and do not care.
BTW, we usually rack up a national debt during wartime. Remember the
inflationary years in the US after Vietnam? When a govt spends more (on
guns, butter, social welfare programs, expensive palaces for the leader and
his two psychotic sons ala Saddam, whatever) then it taxes or receives in
balance of trade payments and in interest on loans to other countries, the
national debt increases. This usually results in inflation.
"Canuck" <anonymous@hotmail.com> wrote in message
news:FG4fg.213612$P01.77715@pd7tw3no...
quote:
> http://www.toptips.com/debtclock.html
>
>
> "pigdos" <NA@nowhere.com> wrote in message
> news:951fg.103009$dW3.3805@newssvr21.news.prodigy.com...
>
>
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