Surplus Estimates Doubled : LUSENET : TB2K spinoff uncensored : One Thread

Clinton announced that the surplus over the next 10 years will be almost 2 trillion dollars.

Check it out.

-- (hmm@hmm.hmm), June 27, 2000


That's wonderful. Will we be retiring some of our debt instruments owned by foreign countries now? Saving on future intrest payments seems like a sensible idea.

-- Observer (lots@to.observe), June 27, 2000.

guess,what shell is the peanut under??

-- al-d. (, June 28, 2000.

That was interesting news, hmmm. Thanks.

I'd like to see a lot of that money go toward reduction of the debt, for exactly the reason mentioned by another poster. I also like the compromise regarding the medicare prescriptions and the marriage penalty tax. OTOH, the whole article reminded me of my second daughter. She gets a few bucks and you'd think it was burning a hole in her pocket.

-- Anita (, June 28, 2000.

Anita, you said it exactly. Yes, retire the debt! And I'd like medicare to provide more for prescriptions. But even more, I'd like to see big drug companies halted from raking in mammoth profits. They claim it takes most of their profits for R and D. Baloney and Bull shit! They gouge the public, and they have congress in their pockets to make sure they may continue to do so.

But, the surplus does seem to be burning a hole in lawmaker's pockets. However, if it is just stashed in some obscure OMB account it will probably just quietly and discreetly disappear without a trace.

No doubt congress will vote themselves another raise after the election, no matter who gets in. And the bastards all have health insurance, paid for by tax payers, while many of us pay exhorbitant premiums, and many others can't afford any health insurance.

-- gilda (, June 28, 2000.

The significance of the "budget" surplus is unclear, since according to the U.S. Treasury, the outstanding total public debt increased by roughly $43 billion from May 31, 1999 to May 31, 2000, with the interest bearing portion of that debt growing by nearly $74 billion over that same interval.

-- David L (, June 28, 2000.

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