Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (5332)	6/26/2001 3:26:23 PM
From: GraceZ	Read Replies (2) of 74559

I always wondered why you wouldn't run surplus' and save during the boom In the old days that's what was done. The problem is that one half of the government doesn't trust the other half. If the money is sitting there unused there are people working overtime trying to figure out a way to spend it. If it is given back in tax cuts then there is a chance that current expenditures will have to be curtailed. This is intentional. The thinking is that the only way to force fiscal discipline on Congress is to reduce the surplus even at the risk of running a deficit.

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