necoandjeff <spam@schrepfer.com> wrote:
> <mtfester@netMAPSONscape.net> wrote in message

>> > 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

So, the savings accounts of individual Japanese (with the highest %age
of +70 year-olds in the world) is going to somehow magically pay off
the Japanese government's debt????

Mike