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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (6580)	2/28/2001 8:20:06 AM
From: Triffin	Read Replies (1) of 19633

Tom .. Politics & Surplus .. I just don't get it .. Why can't Congress and the Administration formulate an agreed upon policy for how the budget surplus is to be deployed .. (ie) so much debt reduction, some increased military spending, some tax relief etc etc and whatever else is on the 'wish list' ... Then, wait until the governments' fiscal year is over and they have a 'hard' number for the surplus ( deficit? ) Once they know that there is a surplus of some amount then and only then does it get applied to the agreed upon areas .. Forecasting a government surplus ranks right up there with forecasting the weather or where this market is going <gg> .. 'cept when Tom is making the forecast .. :o) Seems crazy to legislate a huge tax cut when you can't know with certainty what the 'income' side of the equation is going to be .. Jim in CT ..

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