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To: GraceZ who wrote (9288)	7/15/2004 10:35:58 AM
From: yard_man	Respond to of 116555

>>Now if someone could explain to me how it is possible to run a surplus yet end up owing more we'd all understand how it works. << Depends on what the meaning of a "surplus" is?? -- We have currently a glut of government statistics that tell us nothing. I think it is more true than any of the laws of physics -- government deficits ONLY grow ....... until they get too big for the government to continue to exist. The x-generation will produce the generation which creates the next revolution??

To: GraceZ who wrote (9288)	7/15/2004 11:45:04 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 116555

Grace - but isn't this what is so scary about our outrageous debt? I'm not sure but believe the culprit in understanding your question is the interest. You can indeed be running a surplus in that the government is taking in more money than it spends but in fact be increasing the debt at the same time because the interest on your old bills is more than the surplus. Of course that is dishonest accounting! Clinton did accomplish some great things regarding the debt - not all of which were his doings. Still though he did shrink government - if only a tiny bit - and he did raise taxes. Perhaps though the huge gain in the market contributed even more........ What I can't understand is where have all the "conservatives" gone? Steve