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To: tradermike_1999 who wrote (727)	11/17/2000 1:32:53 PM
From: jim black	Respond to of 74559

To the father of this thread and anyone who may be interested: There was a reference to a book on this thread recently by a retired economist, one Allan W. Smith, "The Alleged Budget Surplus,etc." several reviews of which and the book available at Amazon.com. The review on msn.com was interesting enough, including some relevant numbers, I believe pertinent in broad stokes to folks here: Current data: budget deficit burden on individual taxpayer= $3.451 trillion " social security=$1.01 trillion " federal employees trust= $681 billion " "other = $42 billion Under Gore(Bush not much difference:?NEW? MATH?: by 2012 public= $ 0 social security=$4.1 trillion federal emp. trust= $1.1 trillion "other"= $1.37 billion All budget deficit 2000=$5.566 trillion and All for 2012=$6.54 trillion These figures point to longterm inflation as this debt must be repaid, and reliabilty of baby boomers investing=poof! " foreign investors=??? When I read the whole book I may have further comments, but longer term I don't feel like being too cocky, all IMHO. Jim Black PS: they are ALL lying to us, dems and reps. There IS NO budget surplus, just more voodoo economics, and we'll foot the bill