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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (24544)	6/6/2011 5:03:03 PM
From: ggersh	Read Replies (2) \| Respond to of 119360

TH, Here we go-g- Budget Projections Subject to Error Jan. 25, 2001 Alan Greenspan, Senate Budget Committee testimony "The resulting budget projections, therefore, are necessarily subject to a relatively wide range of error. ... "(I)f long-term fiscal stability is the criterion, it is far better, in my judgment, that the surpluses be lowered by tax reductions than by spending increases. The flurry of increases in outlays that occurred near the conclusion of last fall's budget deliberations is troubling because it makes the previous year's lack of discipline less likely to have been an aberration. ... "But let me end on a cautionary note.... We need to resist those policies that could readily resurrect the deficits of the past and the fiscal imbalances that followed in their wake."