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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (30)	8/23/2000 9:27:08 AM
From: Bill	Read Replies (1) \| Respond to of 10042

Rejecting Clinton's 8 trillion dollar health care plan had nothing to do with it?

To: pezz who wrote (30)	8/23/2000 10:30:00 AM
From: DavesM	Respond to of 10042

One aspect that most people are missing about the debt, is that during the Clinton Administration, interest rates declined, meaning that the cost of financing the debt is less. In addition, I believe the Clinton Administration has been retiring long term debt, and shifting it to shorter term instruments (normally short term Government paper has a lower yield than long term). With a 5 trillion public debt, every 1% overall reduction in bond rates means a 50 billion decrease in interest payments to the debt. Unfortunately if short term interest rates continue to climb, you may see the surplus shrink relatively quickly.