Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (2901)	1/20/1999 4:44:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

You are correct. I had only heard an excerpt from Greenspan at the time I posted. And I also agree with Greenspan - apply some of it to reduce the debt. However, using it - or some of it - to prop up Social Security may also be more than fair. Since most - if not all - of the surplus is coming from the excess contributions to Social Security.

To: Math Junkie who wrote (2901)	1/20/1999 5:06:00 PM
From: BigShoulders	Respond to of 15132

Richard RE use of budget surplus - Greenspans comments It was interesting to see the leading questions from each side, trying to get an answer in line with their political agenda. Nevertheless, after hearing both responses, I think his message was very clear and also makes the most sense (which probably means that it will be ignored by the politicians). His recommendations: -by far the best most effective use of the surplus is to reduce the debt -reducing taxes is not a good idea at this time when the economy is doing well. It would stimulate the economy at a time it does not need stimulation. The appropriate time for tax cuts is when the economy is in recession and needs a boost. -given a choice between using the surplus to increase spending or reduce taxes he would reduce taxes. On a scale of 1 to 10, I think Greenspan would give the options the following score 10 reduce debt 1 reduce taxes 0 increase spending