$98 per barrel oil

Jay Honeck wrote in news:1194789238.207070.122700
@d55g2000hsg.googlegroups.com:

There was a national debt of 3.7 trillion in the late '70s?

Nope.

Just like the sub-prime mortgage lending debacle, our national debt
WILL collapse. It's as inevitable as sand through an hourglass.

What makes me sick is that both the Democrats and the Republicans
(formerly the "balanced budget champions" of my youth) now run up the
deficit as a matter of course, but feel it necessary to blame each
other for the problem.

That's not entirely true.


http://en.wikipedia.org/wiki/United_States_public_debt



Actually, the only difference between the two
parties is the *reason* they run up the debt. Democrats blame the
war, Republicans blame "entitlements" -- but neither side has ever
seen a tax they didn't adore, or a spending program they wouldn't hump
dry.

I say throw them all out, and start over.