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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: zone_boundry who wrote (35108)	11/12/2000 7:52:12 PM
From: bela_ghoulashi	Respond to of 50167

If the Fed does not ease eventually, there will be no surplus.

To: zone_boundry who wrote (35108)	11/13/2000 10:14:41 AM
From: James Strauss	Respond to of 50167

On a different point, it seems to me that since the House and the Senate are so narrowly divided, that whoever ultimately becomes president will not get tax and spending plans they put forth in the campaign. Is this good news? Could the best scenario be that the two sides argue about how to spend the surplus for a few years and we can actually pay down some of the debt? dwj: I'm hoping for gridlock... Whether it's Gore or Bush, our first priority should be to pay down the debt... That brings lower interest rates and reduces that portion of the Federal budget that goes to pay off the debt... That would do more for the economy than any one time shot of cash from a tax cut that would ultimately overheat the economy and bring about higher interest rates... Jim