> Ihis so called
> 'dollar overhang' of about $265 bn is the equivalent of an interest free
> loan to the US extimated to be worth about $13 bn in saved interest
> payments."
>
>
Hold it. The dollar overhang is a $265 billion *loan*. Them furriners could use those bills to get $265 billion worth of stuff from the US *once*, and then the overhamg would be gone. The US saves about 7% of that in payments each year, so the actual subsidy is no more than $20 billion.
That's a pretty big fuck-up, isn't it?
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique