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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (22100)	12/30/2003 1:37:08 AM
From: Sully-	Read Replies (1) \| Respond to of 793658

There's no doubt that the gov't must pull in the reigns on massive deficit spending or pay the piper big time. If they do, expect it to impact the outsized expansion of GDP & bring on either another recession or an economy limping along with jobless, near zero GDP growth. The gov't will likely increase taxes (somewhere) & drastically cut spending at the same time. With consumers already holding record levels of debt, they will be less likely to increase spending with less take home pay & a tight job market. JMHO