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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (22230)9/10/2007 4:47:44 PM
From: energyplay  Read Replies (4) | Respond to of 217588
 
For the Clinton boom, it also took a telecom boom, an internet boom, both with associated stock market gains resulting in more spending and more taxes form capital gains, plus a moderate reduction in military spending (GHW Bush was actually going to cut military spending more than Clinton, but he didn't get elected.)

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I expect it will take at least a partial exit from Iraq, and some other cuts in Defense acquisition, along with a slow down in non-defense items to get close to neutral.

Also, tax collections and economic growth will need to match increases in non-military Federal spending.

2007 budget deficit is about 220-260 billion out of a 2,600 billion.

Rough overview, not up to usually Wikipedia Standards -
en.wikipedia.org



To: KyrosL who wrote (22230)9/10/2007 9:29:28 PM
From: TobagoJack  Read Replies (5) | Respond to of 217588
 
clinton's surplus was a shimmering mirage wrapped in off-book accounting trickery disguised under flimflam bullcrap swallowed whole by the electorates

look off-balance sheet, where the truth usually resides

between fiat money inflation, taxation, user fees, taking on of debt, etc, etc, the tax bill is very high

the bill has been paid to a large/substantive/material extend by foreigners due to dollar reserve status

when the reign of dollar ends, the plug is then pulled, switch clicked, drip feed line yanked, and dark interregnum putted

between flat line and revolution, i hope the electorates will be able to figure out the best course of action