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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (120969)	1/3/2001 5:46:06 PM
From: Neocon	Read Replies (1) \| Respond to of 769667

Perhaps I am misunderstanding, and, if so, I apologize. This is how I read it, though:If the Treasury projects an increase in receipts (e.g. taxes or other revenue), then it may not need to issue Treasury securities. The situation in which it does not need to issue securities seems to be when the budget is in balance, since the previous statement is that securities are issued when outlays exceed receipts. It doesn't matter much, though, since Bush intended to earmark some money to debt reduction. It need only be enough to retire obligations as they are redeemed........