<mtfester@netMAPSONscape.net> wrote in message
news:caas5k$l4o$1@news.Stanford.EDU...
> necoandjeff <spam@schrepfer.com> wrote:
>
> > You may owe debts to us but we owe ours to the Japanese (and others) who
> > have been financing our debt using all the dollars they've racked up
from
> > their trade surpluses.
>
> Nice shell game, then, as their debt is greater than ours, as a %age
> of GDP...

But their individual savings rate is much larger than ours in the U.S. so
they don't need to look to others to cover their own debt to the extent that
we do.

Jeff