Ah, the Secret Service is all over the place. Al Gore is going to see
Squatting..., I mean Crouching Tiger at the theatre next door to my
store. Anything any of you want me to shout at this noble bi-product of
the vaunted U.S. electoral process as the Secret Service muscles and
hussles him by? Any consoling messages? CP

   R.Gancie/C.Parcelli wrote:
>
> Of course, one of the top priorities for the G.W. Bush administration
> will be how to loot the treasury of this surplus, at least the portion
> that actually exists at any given time against the myriad variables
> determining any debt driven valuation. I mean there is no surplus that I
> can drive down to treasury this afternoon and run my hands through. It
> doesn't even exist as an inventory number of assets or species. Its a
> chimera.
>
> The current situation is reminiscent of the Reagan administration's
> looting of the treasury especially one of its most successful tentacles,
> the so-called Savings and Loan scandal. The debt owed by the U.S.
> taxpayers to private banks (many of whom helped precipitate the Savings
> and Loan scandal) will not be retired until the year 2013. The imaginary
> numbers of the past decade have helped mask that debt. And contrary to
> what the NY Times and Washington Post insist, fraud
> was the weapon of choice.
>
> Taxes levied against private individuals are responsible for any current
> surplus, rhetorical or otherwise. Private industry as always avoided
> taxes by leveraging themselves to the tune of some record trillions even
> as stock money was thrown at them and as they recorded (in sand, on
> water, in the aether) record profits. Never before have transnational
> corporations been so highly leveraged. With a debt based economy "real"
> value can never be measured or at least it requires a plethora of Nobel
> Laureated schools of "scientific" (read quantified") economic theories
> to chase the chimera and accrue vast professional acclaim and monetary
> aggrandizement.
>
> Pound was a simple soul. If he produced some form of species in exchange
> for a product he wanted to feel as though that species simply
> represented some other product of use produced or the promise of such
> production. My bookstore is in Washington DC, right in the heart of
> where many of the economic policy wonks, journalists, lobbyists etc
> live. I put provacative articles, and satires I write on my own, in my
> store window. Years ago I began elaborating on the debt being generated
> by the corporations. Many of these stooges of capital stopped in to
> point out how I was wrong, that corporate America was actually buying
> down its debt. Naturally it turned out the stooges were lying. I suspect
> the surplus, aside from just being stolen, will go toward corporate debt
> reduction in the form of ground breaking legislation "favorable" to big
> business. The U.S. taxpayer will pay the rest. He deserves nothing less
> for his stupidity and ignorance. Much of the rest of the world will pay
> with their blood and the lives of their children. CP
>
>  [log in to unmask] wrote:
> >
> > consider the following in light of the previous conversation.
> >
> > jb....
> >
> > White House Says Budget Surplus Beats Forecast
> > Federal Debt Could Be Paid Off by 2010
> >
> > By JESSE J. HOLLAND
> > .c The Associated Press
> >
> > WASHINGTON (Dec. 28) - President Clinton on Thursday projected that the
> > country will enjoy a $1.9 trillion budget surplus over the next decade. He
> > said the increase in the expected surplus means the United States government
> > will be debt-free by 2010.
> >
> > The fiscal 2001 budget surplus was projected at $256 billion, White House
> > officials said. The fiscal 2000 surplus was $237 billion, officials said,
> > which capped four straight years of budget surpluses.
> >
> > This was the first time the country has had four straight budget surpluses
> > since 1930, officials said.
> >
> > The increase in the surplus, which does not include the Social Security or
> > the Medicare surplus, marks the ninth consecutive year in which the
> > government's bottom line has improved, a first.
> >
> > In June, Clinton projected a 10-year surplus of $1.87 trillion. The new
> > figure was $300 million higher.
> >
> > ''These are conservative numbers,'' Clinton said at a White House news
> > conference.
> >
> > The booming economy also will allow the country to pay off the debt by 2009
> > if it dedicates its entire budget surplus to debt reduction, White House
> > budget director Jack Lew said. ''America is on track to becoming debt-free,''
> > Lew said.
> >
> > Over that same 10-year period, the surplus for Social Security is expected to
> > grow to $2.5 trillion while the Medicare surplus is expected to grow to $532
> > billion, Lew said.
> >
> > President-elect Bush argued during his campaign that his proposal for more
> > than $1.3 trillion in tax cuts over 10 years can be paid for by budget
> > surpluses without eroding Social Security's trust funds. But he has also been
> > cautioning of a potential downturn in the economy - a forecast that the White
> > House deplored as without basis and likely to be damaging to the economy.
> >
> >  AP-NY-12-28-00 1306EST
> >
> > Copyright 2000 The Associated Press.
>
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