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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (4372)3/17/1999 3:25:00 PM
From: Bucky Katt  Read Replies (2) of 57584
 
Rubin warns Congress against debt limit curbs
Treasury Secretary Robert Rubin warned Congress on Wednesday against any proposal that would place curbs on raising the debt limit, saying he would urge a presidential veto of any such legislation.

In a letter sent in response to an inquiry from Senate Democratic leader Thomas Daschle, Rubin said imposing such curbs might hinder the United States' ability to borrow in order to pay its debts ''and could also run the risk of worsening a future economic downturn.''

Hey, I thought we were rolling in a new age budget surplus. What gives???<LOL> I have heard it all now....
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