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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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Dec 5 4:00 PM EST

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To: Les H who wrote (22162)	8/5/1999 8:34:00 AM
From: HairBall	Read Replies (3) of 99985

Les Horowitz: Today we have got a budget surplus, we have got substantial reductions in the national debt, the prospect we will pay off our whole national debt some time in the next 15 years. I have posted on this before. I guess I must be stupid or something, because I just don't get it. The supposed budget surplus is to be approximately 1.25 trillion over the next 15 years. Clinton has already proposed "new" spending programs exceeding the above-mentioned surplus. Assuming there actually is the above surplus after spending more on new programs than the supposed surplus, how in the hell do these guys think they are going to pay off over 5.5 trillion (growing by the second) in debt? I do not want to turn this thread into another discussion about weather there is a surplus or not, but I can't believe this logic. Can someone tell me what I am not seeing? Regards, LG

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