RIP, John Maynard Keynes

Max Sawicky sawicky at epinet.org
Fri Jan 28 08:50:36 PST 2000


THE WHITE HOUSE

Office of the Press Secretary ________________________________________________________________________ For Immediate Release January 27, 2000

BUILDING ON RECORD OF FISCAL DISCIPLINE, PRESIDENT CLINTON ANNOUNCES

2001 BUDGET WILL PAY DOWN DEBT BY 2013 -- TWO YEARS EARLIER THAN

PLANNED

January 27, 2000


>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Actually this will be the dawn of socialism.

After paying down debt the Gov will begin purchasing financial assets, in anticipation of the financing needs of Social Security/Medicare.

EStimates of this scenario can be found in last year's budget books and this year's report from the Congressional Budget Office.

mbs



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