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To: Rarebird who wrote (38153)	8/1/1999 3:48:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 116796

I know that Paul Kangas hosts the Nightly Business Report and guessed (correctly!) that the text of the interview should be found at www.nbr.com. I clicked on that and found it! at nbr.com.

To: Rarebird who wrote (38153)	8/1/1999 5:38:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116796

Hi a friend wrote me the following ..I thought you might like to also comment: I listened to one of the shows on TV this morning and Moynihan (your Senator) said it best: Let Congress go home and leave the system alone for a spell. If we really have a surplus, we would reduce our debt; the result being a reduction in interest rates and this in term would give us effectively a tax cut. It was surprising to hear the Democrats wanting to reduce the debt and Republicans not seeming to care about it. On one of the shows, they read from the latest bill the pork proposals. It was enough to make one sick. In any event, it appears that Moynihan is going to get his way as a compromise doesn't appear possible. It is another example of the benefit of the President being from different Party than the one that controls congress. On one of the shows they spoke of the debt as being 2.8 trillion while on another they mentioned 3.7 trillion. I assume that the difference is the amount owed to the SS trust fund, that isn't; though I recall it being mentioned as 800 billion. .... The 2.8 trillion is the number Epstein mentions in his Barron's Economic Beat article this week. Epstein also mentioned that this debt to others reached a high of 3.1 trillion in March of 97. It appears that we might reduce the debt by more than a trillion if congress would just go on a long vacation until the 2000 elections- a wonderful present for our children and grandchildren.