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

To: Boca_PETE who wrote (3530)	2/28/1999 10:49:00 PM
From: BigShoulders	Read Replies (1) \| Respond to of 15132

< What happened to our great big "budget surplus?" > Pete The answer is simple, there isn't one now and there may never be one! Here's the government figures on the Gross Federal Debt: actuals 1997 $5.307 trillion 1998 $5.478 following are government's estimates 1999 $5.615 trillion 2000 $5.711 2001 $5.781 2002 $5.815 2003 $5.856 2004 $5.874 forecasts not given after 2004 Isn't it amazing that with the "surpluses" reported by Clinton the debt increased by $171 billion in 1998 and is forecast to increase another $137 billion in 1999? Maybe to him surplus means the annual debt is less than $200 billion. All he has to do is change the definition of 0 to -200 billion! Shouldn't be hard for someone who can twist the meaning every word. Now Clinton wants to spend the "surplus"! Republicans aren't much better, they want to give the "surplus" back via tax cuts. With this mentality in Washington you can be sure we won't see a real surplus for a long time. Maybe we should be asking Clinton and our Congressmen, "What's wrong with having a real surplus?" Then once we have a real surplus, "What's wrong with paying off some of the nearly $6 trillion in debt??" Big Shoulders

To: Boca_PETE who wrote (3530)	3/1/1999 2:32:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

Re: "If investors start en-mass to sense a breakdown of Federal government fiscal discipline ..." Let's see ... "Federal government" ... "fiscal discipline" ... hmmmmm ... "Federal government" ... "fiscal discipline" ... That just doesn't sound right. Best wishes, I2