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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 (2590)	10/15/2000 10:20:43 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 10042

The cumulative surplus "projected" over the next ten years is of the order of $2.4 Trillions (if no additional spending and tax cuts are enacted), that is not enough to pay down half the national debt. Until the debt is paid, i think that your scenario does not work. Government can expand additional money only by act of Congress through the budget process, and authorization of spending bills. Just because the "money is there" does not make it spendable. If there was no national debt and there was a surplus in the SS trust fund, Congress will have to find a safe investment for these funds, whether it is other debts in this country (like Fannie Mae, if Congress think that their safety has the full backing of the US Government), or maybe even some foreign countries debt. Zeev