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To: oldirtybastard who wrote (104324)5/23/2001 5:10:16 PM
From: Ilaine  Read Replies (2) | Respond to of 436258
 
In 1929, the US government ran the biggest surplus it had ever run - $185 million for the fiscal year, estimated $300 million by the end of the year. Hoover considered tax cuts but did not do it. The next year the US economy fell into the greatest depression in modern times. Coincidence?

The last time the US government had a budget surplus was 1969. From 1969 to 1970, growth in GDP dropped from 3% to 0.2%. Coincidence?


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