**usa debt**, page-12

The problem is that the US, once having themselves dug in, see no way to escape from Iraq. It was bad enough to extricate oneself from Vietnam, but we need a valid Govt in Iraq, more so because the oil is there.

I suppose we can fill pages with words but at least till the election, there won't be a slowdown in expenditure. And there will be little after that as well.

The Printing presses keep on rolling so no luck there.

The US Householder is up to his/her neck into debt as well; increasing interest rates too fast will have a flow-on effect on the prices of houses so that is not on the Agenda either just now.

Gerry