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echo: barktopus
to: Phil Payne
from: John Stoff
date: 2006-10-29 19:39:24
subject: Re: Dollar losing influence

From: "John Stoff" 

Phil Payne typed:

>> So, you're saying the Buddha was a currency expert? 
>
> He was a very rich man indeed - or could have been if he'd wanted to
> be. Much the opposite of yourself:
>
> http://apnews.myway.com/article/20061028/D8L1OC5G0.html
>
> "Their basic message is this: If the United States government conducts
> business as usual over the next few decades, a national debt that is
> already $8.5 trillion could reach $46 trillion or more, adjusted for
> inflation. That's almost as much as the total net worth of every
> person in America - Bill Gates, Warren Buffett and those Google guys
> included.
>
> A hole that big could paralyze the U.S. economy; according to some
> projections, just the interest payments on a debt that big would be
> as much as all the taxes the government collects today."
>
> One very simple fact is that America cannot afford its military.  You
> can forget Mars, as well.

of course the "social programs" of the USA don't amount any near
to the cost of the Military.

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