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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5817)	9/9/2001 11:36:59 PM
From: John Pitera	Read Replies (1) \| Respond to of 10077

Hi Mrs. Peel, I doubt very seriously that the budget surplus projections and the concomitant pay down of US Government bonds is going to play out as some, including the writers of this article are suggesting. The windfall tax receipts of the late 1990's were so robust due to the incredibly strong economy and also the huge appreciation of financial assets, that generated huge capital gain tax receipts for the Government. The surplus is already said to have evanesced away and as the slowdown continues going forward, the unrealistic math of the bubble years, will be scene inaccurate. imo. John