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To: long-gone who wrote (36284)7/2/1999 1:03:00 AM
From: PaulM  Read Replies (2) | Respond to of 116836
 
Treasury Deficit Figures Show Same Deficit as all of Last Year Three Months into the Current Fiscal Year

publicdebt.treas.gov

Did you hear Clinton's prediction about the debt being paid down by 2015?

Seems to me he made some very conservative assumptions, like for example:

-- The current nine year old expansion will last another 16 years (maybe the Fed will bailout two or three hundred hedge funds along the way?)

-- Stock market gains will outpace GNP growth by 15-20% a year for about 25 years (1991-2015).

He also seems to think the baby boomers, set to begin retiring in the next decade, will just decide to blow off the golden years.