And guess who pays the interest on those T bills foreigners buy? The
taxpayers of the USA! These T-bills allow the government to spend more
than it takes in; guess who eventually pays higher taxes to pay back the
T-bills?
The trade deficit and budget deficit are two different animals but they
have the same affect: they eat up American taxpayers paychecks! Both are
enormous and only getting bigger. It did not help that GeeDubbaayoo
decided to spend the equivalent of $1000 for each American to "liberate"
Iraq last year. It will "only" cost $500 this coming year. And the year
after that, and the year after that, .... Add $4000 for this liberation
to the $6500 for the trade imbalance and the typical American family
gave over 10 grand to foreigners last year, add in the millions of aid
to countries like Israel, Egypt, Pakistan, ... which only PO's the
fanatic Muslims more since these governments would fall without it,
hence the WTC disaster. We are now burdened with an additional
expenditure to pay for the possibility of terror. This is a cost that
goes into everything we sell and buy. All of this is the result of our
government's decisions, the people we vote for and put in power.
All of these goods flowing into the US are a Trojan horse, whether they
contain terror or are just "innocent" goods; they are wrecking havoc on
our economy.
-----Original Message-----
From: DesignerCouncil [mailto:[log in to unmask]] On Behalf Of Bill
Ebner
Sent: Wednesday, September 15, 2004 10:54 AM
To: [log in to unmask]
Subject: [DC] another viewpoint
we are being blessed by the foreign countries for allowing us to obtain
goods that we value & cherish at such low prices that even our poorest
citizens can afford a microwave or windshield wiper or garbage pail made
in mexico.
the dollar weakening has no effect on what you buy with your paycheck
unless you choose to travel overseas.
our politicians don't build economies, they allow economies to flourish
or
collapse depending upon how intrusive they are in our private affairs.
foreign countries are investing in the usa treasury bills & debt becuase
they believe in america and know it's a stable return. these foriegners
know that money invested in us treasuries is better than brazilian,
german
or swiss treasuries.
Bill Ebner
Sensor Products Inc. USA
188 Rt. 10, Ste. 307
East Hanover, NJ 07936-2108
973.560.9092
fax 973.884.1699
www.sensorprod.com
Did you know that we offer educational seminars? Visit
<http://www.sensorprod.com/seminars> to learn more!
Please visit us at these upcoming tradeshows:
COMPOSITES 2004 in Tampa, FL, Oct. 6-8, 2004 Booth #1806
ISGATEC 2004 in Stuttgart, Germany, Oct. 19-21, 2004 Stand #A15
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