We're not broke. $14 trillion GDP. I don't like the size of the nat'l debt either but it's a bit of a stretch to say we're broke. I'm not too worried about China dumping dollars as it would inflict a massive hit to their nat'l economy which could lead to political trouble on a large scale. What I do worry is the diplomatic pressure they could put on the administration beause of holding a large share of Treasury bonds.
Paul Chinnery Network Administrator Memorial Medical Center 231-845-2319 -----Original Message----- From: Micheal Espinola Jr [mailto:[EMAIL PROTECTED] Sent: Friday, October 31, 2008 6:23 AM To: NT System Admin Issues Subject: Re: So... how is the recession affecting your buying decisions? We are a broke nation. We need a tax increase - like it or not. Maybe they can be lowered again if/when we have another surplus. But right now there are nations (primarily China) who have the potential to financially dismantle us. They promise not to, but they could. Talking actual "cuts" in taxes is ludicrous. -- ME2 On Thu, Oct 30, 2008 at 10:08 PM, Benjamin Zachary - Lists <[EMAIL PROTECTED]> wrote: > Wait was the tax increase at 250,000 , 200,000 or 150,000 ?? it keeps > changing. > > > > What they ARENT mentioning is EVERYONES taxes will go up because they > aren't renewing the Bush Tax Cut in 2010. ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
