Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DuckTapeSunroof who wrote (392640)	4/15/2003 3:07:17 PM
From: Kenneth E. Phillipps	Read Replies (5) \| Respond to of 769667

...in 38 years of continuous red ink from fiscal 1970 through 1997, the average deficit -- at 2.8% of GDP -- was below the 3% to 4% range that brackets most estimates of this year's shortfall," says Goldman Senior Economist Ed McKelvey. "If you're setting up a situation in which deficits are going to persist at the levels we think they are going to as far as you can see, that's a fairly significant drain on the capital markets." In other words, a long term structural deficit - a budget that never will return to surplus.