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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (29393)	8/15/2000 12:26:03 PM
From: Fangorn	Read Replies (1) \| Respond to of 769667

Kenneth, re > a portion of the national debt was paid down this year with the surplus< The truth is "The National Debt has continued to increase an average of $45 million per day since August 2, 1999!" brillig.com Too bad the democrats' and your claims of debt reduction are as accurate as Slick's finger wagging denial of having sex with "that woman".

To: Kenneth E. Phillipps who wrote (29393)	8/15/2000 12:36:29 PM
From: Alexandermf	Respond to of 769667

Kenneth I warned all of you last year when I learned that the Secretary of the Treasury has began an onslaught on' 30 year bonds which Banks use to hedge their losses on short term loans and this is just exactly what was done prior to the crash of 29;-( Then all of the Interest Rates hikes by Greenspan began lading me to believe at the least we are in for a Bear Market at some point and at the worst another October Crash???????

To: Kenneth E. Phillipps who wrote (29393)	8/15/2000 1:27:29 PM
From: J.B.C.	Read Replies (1) \| Respond to of 769667

You really don't understand this do you? The only reason that the national debt has been paid down this year is because the suplus became evident AFTER the year 1999 budget was cast. This year when the budget is set for OCT 1st, it WILL spend ALL expected RECEIPTS. No further debt will be paid down unless additional surplus occurs during the year's quarterly receipts. It is VERY unlikely that the next year will generate any surplus due to Greenspans attempt to slow a growing economy. It is more likely that the budget will be set based on expected receipts, but it will most likly be in a shortfall condition once again, government economist are usually overly optomistic. It is just amazing that YOU are so willing to send the government your hard earned money that they use for wasteful programs. This is a fact: The federal government will spend $1.10 for every tax dollar received. Less than $.50 on every dollar spent actually makes it to the intended program, the rest is eaten up by the bureaucracy structure. There is NO balanced budget amendment, there is NO clause requiring that they BUDGET a portion of expected receipts toward debt retirement, and it ain't goin' to happen. Your belief that the federal government would do the fiscally responsible thing and reduce its financial requirements is totally unfounded. The government is not a person, it is an entity made up of people who perceive it to be their responsibility to spend money in order to win votes. Did you know that approximately 34% of the government's receipts currently come from social security yet only about 1/3 of those receipts go back to fund social security, the remainder goes toward other programs not part of social security? When you hear politicians discuss "saving" social security, they're not discussing saving it for you, they're talking about saving their cash cow. This is not the act of a fiscal responsible entity. GET REAL!