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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3809)	4/24/2001 1:46:51 PM
From: OX	Read Replies (1) \| Respond to of 33421

here's a wonderful item from briefing.com... The NY Times quoted Treas Sec O'Neill as stating that the Treasury market could be kept alive by "issuing debt even when it was no longer necessary and giving the proceeds back as tax cuts". Talk about the government supporting "useless" (I use it loosely) workers. The idea that Americans must endure the cost of financing debt and the employment of the needed personal only to award the selected few through tax cuts dropped my jaw. Sure, it keeps the Treasury market active rather than the slow death some see. But lets keep focused on the here and now Paul. Interest payments alone are expected to total (cost us Americans) $358 bln in FY2001 -- let's focus on that first. that's a scary thot