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

To: Hawkmoon who wrote (2566)	10/15/2000 11:21:33 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 10042

Ron you state: "Since the $300 billion surplus cannot be invested in anything but T-Bills, the surplus will increase the national debt, and the govt will be forced to increased its spending by $300 billion a year". I am not sure I understand the math, why not buy T-Bills" from existing holders (the government has been doing this quite a lot during the last year or so). After all, there are still more than $5 Trillions of Federal debt outstanding. I believe that it peaked at $5.776 Trillions on 12/31/99 and as of 10/11/2000 it is down to 5.66 Trillions), thus if revenues exceed outlays by $300 B (including interest on that debt), it should decline to about $5.36 Trillions a year hence. Zeev