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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: KyrosL who wrote (22230)9/10/2007 4:47:44 PM
From: energyplay  Read Replies (4) of 217617
 
For the Clinton boom, it also took a telecom boom, an internet boom, both with associated stock market gains resulting in more spending and more taxes form capital gains, plus a moderate reduction in military spending (GHW Bush was actually going to cut military spending more than Clinton, but he didn't get elected.)

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I expect it will take at least a partial exit from Iraq, and some other cuts in Defense acquisition, along with a slow down in non-defense items to get close to neutral.

Also, tax collections and economic growth will need to match increases in non-military Federal spending.

2007 budget deficit is about 220-260 billion out of a 2,600 billion.

Rough overview, not up to usually Wikipedia Standards -
en.wikipedia.org
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