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To: Dan3 who wrote (163708)	4/9/2002 2:25:34 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

Dan, RE:"Don't forget to thank G.W. for killing the surplus so that the FED will have to raise rates." First of all, there was no surplus... One of the greatest tax cuts in history came under Clinton. GW may get blamed for the coming increase in deficit but little is of his responsibility unless you count all the money thrown in to help with the terrorist victims bail out the airlines and raid Afghanistan. So I guess you will blame him for that. So be it. I look at it more like people expecting $2 back in payouts for every dollar they pay in...and politicians scrambling to get elected... Jim

To: Dan3 who wrote (163708)	4/9/2002 7:07:11 AM
From: Dave	Respond to of 186894

Dan, The surplus was always an illusion. For years, the gov't has been spending the Social Security Taxes. Unfortunately, any surplus in "Social Security" has not been invested in fixed assets. Instead, that surplus has been used to fund our present situation. I find it, personally, quite ironic how congress is focusing on "Off Balance Sheet" financing while Congress has been peforming similiar. Do you really believe that huge "no-funded" future liability called "Social Security" is part of our federal debt?