Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (77314)	3/8/2000 9:39:00 PM
From: Earlie	Read Replies (3) \| Respond to of 132070

BGR: The point several of the thread's participants were trying to get across to you is that simple arithmetic and a bit of attention to the actual published accounts of the U.S. government make it clear that the "surplus" (which the government has been talking about for a year now, and which it claims is at hand) is a lie. Expenditures that continue to exceed raised revenues used to be called a deficit. The accumulated U.S. government debt rises every month, and provides no evidence of an emerging real surplus (such as is actually occurring up here in Canada, albeit as a result of a crazy tax burden) Hard to pay down debt without excess dough, irrespective of good intentions or fancy accounting. Harder still when the total debt continues to rise. I also detected a bit of exasperation in the notes of a few of the posters who know that the U,S, government has drained several accounts (social security, etc) and left IOUs behind in place of the cash, to create the mirage of fiscal improvement. Can't blame them for getting a bit exercised at this charade. "Waving hands"? You need to see me in action when I get excited. (g) Best, Earlie