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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Elroy Jetson who wrote (53900)10/2/2004 5:08:45 AM
From: energyplay  Read Replies (1) of 74559
 
Hi Elroy - State government tax revenues are going up, and much state government spending has been reduced. Federal government is still a problem, but spending will be cut and some taxes increased no matter who wins in November. Size of cuts and new taxes will vary a lot, of course.

This problem is likely to get better, and inflation tends to drive towards government surpluses. Tax revenue will go up faster than spending.
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