Subject: Re: [HP3000-L] OT: Federal Budget Surplus....


> I don't think you really want to pay off all the national debt.  Part of
it
> is for payment of treasury bonds amongst other things.  Bonds play a very
> important position in our economy.  Take that away, and I'd hate to see
what
> happens to investments and to the stock market.  Of course, IMHO, way too
> much emphasis is placed on the stock market anyway (artificial limits on
how
> fast it can fall, but nothing on how fast it can rise?)...but that's the
> subject of another thread.
>
Well the Government wouldn't have to do away with debt completely - there is
still
the requirement for short time financing.  The debt could be 90% reduced and
not
hurt the Treasury bond market.

Nick D.

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