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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (3954)	3/9/1998 7:51:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 42834

"$1.78 trillion today is not the same today as it was 15 years ago. It is a much smaller piece of the pie (i.e. the "national economy") today than it was then." By that same argument, the Reagan deficits cannot be compared to the to those of Carter, under whose administration the dollar probably lost as much purchasing power as during the combined Reagan and Bush terms. Without the Reagan years, Clinton would not have had that bigger pie, though your last point is well taken. The minority Republicans in congress were much more effective during Clinton's first two years than during Reagan's last six. The day we start paying principal on our National Debt will be the day we see that dow go flying. If no, we'll eventually just be living to service our National credit card bill. Pete: If Buffett is heavy into Coke I guess it's time to start melting silver bars down into sinkers for the fishing season again. ;)