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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (11154)1/14/2000 10:24:00 AM
From: Wally Mastroly  Read Replies (1) of 15132
 
Re: Surpluses-Not sure if Congress or the Administration is listening to Greenspan:

bloomberg.com

Excerpt - Greenspan's Warning

Federal Reserve Chairman Alan Greenspan warned last night
that Clinton and Congress should think twice before going that
route, however. In a speech, Greenspan cautioned against higher
spending.

''I trust that the recent flurry of increased federal
government outlays, seemingly made easier by the emerging
surpluses, is an aberration.''

Greenspan said government surpluses remain a ''critical
factor'' in continuing the U.S. economic expansion.
''A continuing expansion of the surplus would surely aid in
sustaining the productive investment that has been key to
leveraging the opportunities provided by new technology,'' he
said.

Maintaining the surplus would seem to rule out big tax cuts
as well as spending increases....
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