Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marek_wojna who wrote (45845)	2/8/2004 10:21:11 PM
From: elmatador	Read Replies (1) of 74559

If I borrow and leave the debt top be paid by next generation then I would be OK. That Big Fat Budget Deficit. Yawn. nytimes.com <<Stan Jonas, managing director at Fimat USA, a New York brokerage firm, added: "There's a lot of talk that the deficit is going to balloon in 2020. O.K., I agree." But, he said, "any bet I make about what's going to happen to the deficit in 20 years, I'm not going to be around to collect." On top of that, the vigilantes may have personal reasons for viewing today's deficits differently from yesterday's. "The bond vigilantes are getting older," Mr. Jonas said. "They're the ones who benefit from the deficit. It's their kids' problem>> This is what I call mortgaging the future.

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