Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: GraceZ who wrote (9288)	7/15/2004 11:45:04 AM
From: Steve Lokness	Read Replies (1) of 116555

Grace - but isn't this what is so scary about our outrageous debt? I'm not sure but believe the culprit in understanding your question is the interest. You can indeed be running a surplus in that the government is taking in more money than it spends but in fact be increasing the debt at the same time because the interest on your old bills is more than the surplus. Of course that is dishonest accounting! Clinton did accomplish some great things regarding the debt - not all of which were his doings. Still though he did shrink government - if only a tiny bit - and he did raise taxes. Perhaps though the huge gain in the market contributed even more........ What I can't understand is where have all the "conservatives" gone? Steve

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