[mnehring]

What this nut job doesn't mention is that 40% of the U.S. treasury bonds are held by foreign investors and institutions. And this is bad? What this means is that the world realizes that the US economy is the safest place to hedge your capital. This gives the world a vested interest in the strength of the US economy. This also gives the US economy a way to gain capital with out having to pass all the burden on to the taxpayers. The world is vested in us, thus they should, and do invest in the betterment of the US. The lefties are wrong whey they say that we need the rest of the world, in reality, the world needs us.

[jd777]

A way to raise capital withouth placing the burden on the US taxpayer? Who do you think pays the interest on the debt. The interest payments are paid by the taxpayers! We paid 330 billion dollars interst payments in 2002. We will be paying more in 2003 and 2004. I understand your argument. But it doesn't sound like you've taken all the factors into account here. Sorry.