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To: Investor-ex! who wrote (26479)1/19/1999 1:22:00 PM
From: John Hunt  Read Replies (1) | Respond to of 116762
 
Re There is no surplus

You know that and I know that, but they don't seem to know that.

If bad times come, they won't have any future surpluses either, but with 6 trillion of debt, there is a lot of room to cook the books.

If necessary, they will come up with a form of kiting ... Are these not the same guys that had the Congressional 'post office bank' with check books that didn't have to be balanced?

< g >

John






To: Investor-ex! who wrote (26479)1/19/1999 8:41:00 PM
From: Enigma  Read Replies (1) | Respond to of 116762
 
Investor-ex There is no surplus.

<Already, we have ~$100 billion deficit for the first 3.5 months of the current fiscal year, which started last October. The budget deficit this year is accruing at approximately triple the rate of last year's total budget deficit>

This sounds very dark and conspiratorial - but are you sure you're not confusing the budget deficit with the trade deficit? If not, can you explain the truth behind the statement? Would the Republicans not just jump on a false claim by the Administration? Curious to know. dd