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To: Willie Green
Should we be worried about the fact that foreigners own a good chuck of that debt?
8 posted on 07/28/2003 11:42:42 PM PDT by Baby Bear
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To: Baby Bear
No we really shouldn't worry about that at all - and for the reasons simply follow the conversation I had with a few other people on this thread - take care

http://www.freerepublic.com/focus/f-news/951874/posts
10 posted on 07/29/2003 5:56:46 AM PDT by Norse
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To: Baby Bear
Should we be worried about the fact that foreigners own a good chuck of that debt?

Of course we should.
With 18% of federal revenue (and growing) being used to pay interest on the debt, that would mean that a growing proportion of the taxes you pay would go directly to the foreign governments who hold the debt. In essence, you're paying taxes to support foreign governments rather than our own. And that doesn't even begin to get into the issue of the money we also hand over to them as "foreign aid".

12 posted on 07/29/2003 8:39:20 AM PDT by Willie Green (Go Pat Go!!!)
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