From: "Robert G Lewis" 

If we can't finance our government why should we expect other governments
or people  to ? At some point they may decide we aren't worth the risk that
we will eventually pay back the money.

What would happen if the Chinese and Saudi's decided to have a nice sell
off of all the US debt they own ?

Bob Lewis

"Ellen K."  wrote
in message news:t427r0lss389va01tc4ba0u3n10pb3u1mc{at}4ax.com...
> Why?   We live in a global economy.  A large percentage of US government
> debt is held by non-US persons/entities, and there is nothing wrong with
> that.
>
> On Sun, 5 Dec 2004 10:30:13 -0600, "Robert G Lewis"
>  wrote in message :
>
>>
>>"Ellen K."
 wrote in message
>>news:o2j5r0lf78c05hrjjgsnpqf08rthbriigp{at}4ax.com...
>>> You are mixing apples and oranges.
>>>
>>> We are talking about the size of the national debt in order to assess
>>> whether the government is borrowing responsibly or irresponsibly.  The
>>> amount of private debt is irrelevant to this question.
>>>
>>
>>Only if you assume there is an unlimited pool of funds to borrow the
>>national debt from. Is the rate of savings in the US enough to finance the
>>US deficit and debt ?
>>
>>Bob Lewis
>>
>

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