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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (10674)	1/30/2001 8:43:46 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Not really, every time we run a surplus which is greater than about 2% of the GDP, we are sure to go into a recession, which, strangely enough, leads to deficits. See my post on the MDD thread on that subject exactly. Zeev

To: mishedlo who wrote (10674)	1/30/2001 11:32:26 PM
From: Sam	Read Replies (1) \| Respond to of 30051

RE: Projected budget surplus from CBO The worst--one of the worst--things about having the same party lead both Congress and the Executive branch is that CBO and OMB (the executive branch equivalent) can cook up whatever numbers they want, and there won't be a balancing guess. Yeah, yeah, CBO is non-partisan. Sure. I can see an auction for the surplus now: "The gentleman in black says he wants a $2.17 billion surplus, thank you, do I hear $2.4? Yes, the gentleman over there is at $2.45, you're so kind. How about $3b, $3b, $3b, yes I see $3.12b from the gentleman in front, we've got quite an auction going here gentlemen, do I hear $4b in the wings?" And they talk about Democrats being irresponsible. Gee, let's get rid of this surplus now while we've "got" it, guys. This is fun. If we don't get back to deficits soon, someone might want to spend some money on new schools for tax districts with low real estate valuations. God forbid. Let them go to a "faith based" charity and pray. Sam