>That's not the choice we have: our Speaker is not named Gephardt. Our
>choice this year and next year is between tax cuts for the rich and debt
>paydowns.
How much risk to growth is there in a debt paydown? Do you think it could lead to stagnation or even a severe recession? Or will the U.S. be the Ireland of the 21st century, booming under a regime of fiscal austerity?
Doug