Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote ()	2/25/2003 5:02:42 AM
From: Maurice Winn	Read Replies (1) of 74559

<The government has run up a deficit of $97.6 billion in the first four months of the 2003 budget year, a reversal from the corresponding period last year when a small surplus was produced.> Hi Ray. Assuming they do that for the rest of the year, that'll be about $300 billion for 2003. That's about $1000 per American. At 2% interest, that could be covered by borrowing at a cost of $20 per year. Yawn! While $300 billion sounds a big number to people with calculators and brains which overflow after about 8 significant figures, it's not that big a deal in the global or USA economies. Mqurice PS: Where's your Girl on a Bicycle?

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