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  1.    #1  
    I don't want to depress anyone, just had to put this out there.

    http://www.publicdebt.treas.gov/opd/opdpenny.htm

    http://costofwar.com/

    We are spending worse than drunken sailors!! And you know the Saudis hold most of the notes and bonds.

    At 45 now, I guess I should plan to work till I am 89, based on the life expectancy of my grandparents....

    You'll find me at the front door of Walmart handing out stickers
  2. #2  
    Quote Originally Posted by TrySpammingMe
    I don't want to depress anyone, just had to put this out there.

    http://www.publicdebt.treas.gov/opd/opdpenny.htm

    http://costofwar.com/

    We are spending worse than drunken sailors!! And you know the Saudis hold most of the notes and bonds.

    At 45 now, I guess I should plan to work till I am 89, based on the life expectancy of my grandparents....

    You'll find me at the front door of Walmart handing out stickers
    Wow, I was surprised to see that the cost of the Iraq war was only $136,000,000,000. Seems to be a pretty good bargain to me.
    The overall national debt though is no surprise.
  3. #3  
    How do I know Saudis hold most of the bonds?
  4. #4  
    Quote Originally Posted by TrySpammingMe
    We are spending worse than drunken sailors!!
    Ok, I did spend alot back in the days...but it was for a noble cause and I had lots of fun.

    As for the deficit...well, I do contribute every single month.
    Me = Nokia 5170/Palm III > Kyocera 6035 > Treo 600 > Treo 650 > Treo 700p > Treo 755p > Treo Pro > Palm Pre

    Wife = Treo 600 > Treo 650 > Treo 755p > Palm Centro > Palm Pixi
  5.    #5  
    KRamseur...
    Common sense dictates... they aren't burying it in the sand or letting it sit in the bank....

    Exhibit A....
    Wahington Post foreign desk

    www.saudi-us-relations.org/newsletter2004/ saudi-relations-interest-09-01.html

    "Economists estimate that the Saudi government, which receives 80 percent of its revenue from oil sales, will post a $35 billion surplus this year, almost all of it due to higher oil prices. Next year, much of that money will be used to pay down the government's domestic debt, repair roads and schools that were built during the last oil boom, purchase U.S. Treasury bonds, and finance the rising cost of defending the royal family's rule from armed Islamic radicals."

    Exhibit B
    SA-US [Part II]
    http://www.arabnews.com/9-11/?article=28&d=8&m=9&y=2004

    "Financial consultant Bishr Bakheet put the amount of Saudi money invested in the stock markets, treasury bonds and bank deposits abroad at $800 billion. But in the absence of any official statistics or a defined mechanism regulating this activity, he said it is very difficult to arrive at a reliable figure. According to him, the US stock market accounts for 70 percent of the investments, or $500 billion to $600 billion."

    Why do you think Greenspan is raising the rates... to help little old ladies get 1/2 of a percent on a CD??? To slow the ecomonmy? They didn't care about her when rates where in the cellar! Everyone knows the economy is no better.

    We have to get some financing here and some of our oil money back...We just have to pay interest on the money to get it back!
    So even if tommorrow General Motors came out with a car that ran on US made politcal b.s., which is abundant, we still will be at Saudis beck and call!
  6. #6  
    Exhibit A says they have debt of their own. Surely with debt of their own they will use excess funds to repurchase those bonds (which yield more than US Treasurys). It says as much in your quote.

    Exhibit B says at the most $300 is invested in t-bonds and bank deposits. We issue more than that every year!

    Remember, "national debt" does not mean Americans don't own the bulk of it.
  7. #7  
    Quote Originally Posted by TrySpammingMe
    You'll find me at the front door of Walmart handing out stickers
    LMAO!!!! *thumbs up*
    dailyOFFTOPIC.com
    The cure for boredom. Talk anything.
  8. #8  
    The higher cost of the Iraqi war is the lives lost and families that have been torn apart by the need for some troops to be in Iraq for over a year. My prayers to them all. Taxes are a necessary evil in a democracy. At least we get to vote if we do not agree. DO your part this year. Vote!

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