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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (214380)	1/14/2003 9:21:09 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 436258

Wayne, I agree that today's Federal debt looks small compared to the Reagan Mountain, but it sure looks big compared to the phony surplus we were running a few years back. I remember some of my bond trader friends talking about the impending shortage of Treasury bonds. Technically they are right, as the bond was eliminated and only notes of 10 years and below will be issued due to mental retardation. Why would we ever want to lock in low rates for a longer period of time? <g> But there are no shortages of Treasury debt looking into the future. And, somewhere along the line, the states and municipalities will have to be bailed out. Dubya can't hide from that problem even in Crawford. We're pushing a $10 billion deficit here, thanks to continued spending levels during a revenue shortfall.