Wednesday, August 4, 1999
For the first time in 25 years, the US Government plans to reduce the size of the national debt. The Republicans are proposing a $792bn tax cut, while President Clinton and the Democrats want to add funds to the social security retirement program and Medicare, which provides health care for older people. Such a course of action has long been advocated by Alan Greenspan, the influential chairman of the US central bank, the Federal Reserve. He argues that reducing government debt should take priority over tax cuts, as the move will free funds for private investment and lower government spending. http://news.bbc.co.uk/1/hi/business/the_economy/411973.stm It's amazing how 8 years and a Chimpanzee President can turn things upside down. http://www.brillig.com/debt_clock/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
