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

To: tejek who wrote (429578)	7/19/2003 1:35:14 PM
From: John Chen	Respond to of 769667

tejek,re:"gov..interest payment". We(GOV) can refinance it with 'daily money market fund' (<.2%) and live day-by-day, or pay-check-by-pay-check (except the elites with golden parachuttes). The 'gov' workers (hopefully including at least some of the elites) can come to a 'holding place' and be called to get a day-job (with pay, mind you) pending on the 'daily money market rate'. AG/administration maybe secretly(under the law, it's not SECRET, just that you don't get to know about it unless you're part of the 'circle') doing it. So don't worry about the 'debt'. I'm sure the Gov. has more talents than ENRON to fix things.

To: tejek who wrote (429578)	7/19/2003 2:27:47 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 769667

We have a long term structural budget deficit which will not go down without suspension of the tax cuts. Bush has no credibility on this issue. He has consistently under estimated the size of the deficit which just keeps getting bigger. " Bolten would not concede a point that private budget experts have been making for months: Without significant budget cuts or tax increases, the deficit is now built into the fabric of the government's finances and is here to stay. "We are truly in a structural deficit as it's usually defined, and this is not going to right itself," said Rudolph Penner, a Republican and former director of the Congressional Budget Office."