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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (288149)	8/19/2002 2:55:40 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "If the nation intentionally runs surpluses, the deflation will combine with the debt and destroy the economy." >>> That's idiotic. Surpluses do not equal deflation... particularly if there is a large debt overhanging the economy, which those surpluses are paying down. >>> Rather, as during the later Clinton years, paying off long-term government debt (which during the later Reagan and Bush years was 'crowding out' private debt issuance in the markets) can result in LOWER long-term interest rates which is STIMULATIVE to the economy, and counter-active to any deflationary trends.