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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (67778)2/14/2001 6:36:34 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
to me the states are the harbinger of what's to come - many have been forced to slash their budgets due to sudden revenue shortfalls, which turned projected surpluses into deficits. just as a few states swung into surplus before the federal government did, they once again perform as an important leading indicator. the surplus, and all those lofty surplus projections, will disappear in a heartbeat imo.

no doubt a stagnant/falling stock market will contribute greatly to this swing back into deficit. i hereby predict that the magnitude of the swing will surprise the politicos vastly.
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