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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (59336)	11/11/2006 4:44:03 PM
From: RealMuLan	Respond to of 116555

Yeah, I remember that, when Rubin was the Secretary of Treasury. They had a Congressional hearing, asking to increase the cap for the National debt. Innocent people had asked at that time, if the US gov. had surplus (in Clinton era), then why they still want to increase the debt ceiling and borrow more? LOL And ALL of them have had their hands in the Social Security cookie jar, the only difference is some took more, and some took less. I wonder what the US gov. will do after 20-30 years from now, when that cookie jar is empty?<g>

To: bart13 who wrote (59336)	11/11/2006 5:00:18 PM
From: regli	Read Replies (1) \| Respond to of 116555

"This is one of my favorite political/economic BS items. There was no surplus in Clinton's 2nd term if you count off budget items and don't pay attention to the real deficit." I agree that there wasn't a real surplus. However, let's give credit where credit is due! There clearly was a trend and the trend was solidly positive.