[Willie Green]

in one year foreign central banks have bought a mountain of debt that is the equivalent of roughly $2,000 per person who has a job in this country! At a measly 5% interest rate, each person with a job in America owes another $100 per year, every year, just in interest, to foreigners! That's almost nine more dollars a month, each, forever!

The last I checked, 18% of federal revenue was devoted strictly to making interest payments on the National Debt.
With Dubya's totally irresponsible neglect of the Trade and Budget Deficits, it won't be long before our Government is bankrupt and we'll be taxed simply to support these debt obligations to foreign nations, and have absolutely nothing left over to run our own government.

[arete]

The government will manipulate and delay as long as possible and then, when delay is no longer a viable option, they will pull the plug on the whole freaking ponzi scheme. Homeland secruity troops will keep social order and the new fascist state will be out of the closet and revealed for all to see.

Richard W.

[lchoro]

More fictitious capitalism. Bank of Japan has recently increased their ceiling for dollar purchases in 2004 by roughly $ 400 billion. I think this is about $ 100 billion more than 2003. $ 400 billion equates to more than the $ 350-380 billion deficit that the Japanese government runs on its $ 850 billion annual budget.

[imawit]

That's almost nine more dollars a month, each, forever!

Of course this assumes that the national debt stays constant too. Whada ya thnk it will do ?