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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (9014)2/18/2003 4:23:09 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
IT IS A SPENDING CRISIS, not a budget crisis

Absolutely, when the coffers were full they racketed up spending to match the receipts and more never considering that the windfall tax receipts would disappear along with the boom. If you can't manage the budget in a boom there is little hope during a bust when needs explode.