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Politics : Politics for Pros- moderated

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To: carranza2 who wrote (126595)	7/21/2005 4:21:48 PM
From: michael97123	Read Replies (1) of 793672

C2 Twin deficits may be what brings us down but this is no sure thing. China defloating the yuan helps the trade deficit, helps US exports and thus US tax collections. There is so much going on in the global economy and its all interrelated. Not everything that is disfunctional lt is disfucntional st. And as Keynes said "in the long run we are all dead". So i wouldnt be making bets only on the doom and gloom scenario. We were going to hell in a handbasked after LBJ--Carter deficits and especially after reagan tax cuts. But voila Reagan led to clinton surplus. Time now to reign in spending yes--and in a few years some dem pres will take credit for surplus. mike

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