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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (2896)1/20/1999 3:40:00 PM
From: Math Junkie  Read Replies (2) of 15132
 
Greenspan's comment about using "surplus" to reduce taxes was not his first choice. He was asked whether he would rather see it used to increase spending or reduce taxes, and he replied that his preference would be to let the "surplus" continue for a while, so as to pay down some of the accumulated debt. His preference for reducing taxes was only if he had to choose from that or increasing spending.

Apparently, for Congressmen, reducing the national debt is not a thinkable option. <g> And I agree with Greenspan, by the way.
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