From: "Robert G Lewis" 


"Ellen K."  wrote
in message news:tp7pr0peqkbfeeer50dvlp9i45pl5ihq5j{at}4ax.com...
>A government can always print more money, therefore the size of the
> deficit (which anyway is not historically high relative to GDP) doesn't
> influence foreign buyers anywhere NEAR as much as the expectation that
> the form of government is stable and the economy itself is stable and
> growing.  It really is NOT the same thing as lending money to an
> individual or even a corporation.
>
> That said, sure, I would prefer a balanced budget, but I don't see the
> current situation as apocalyptic.

I don't either yet. I do see it as a potential for disaster though. If we
did not have the current amount of debt there could be more money available
for real investment and real tax cuts. I would definitely like to see a
real plan to eliminate the deficit and start paying back the debt. We don't
know what the future holds but the debt could be a real problem. What was
it the Morgan Stanley economist said something to the effect we have a one
in ten chance of avoiding economic Armageddon. Not good imho.

Bob Lewis

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