tag:blogger.com,1999:blog-8240097.post5399701271583052773..comments2023-10-09T21:49:57.366+09:00Comments on Page F30: BBC News, Wednesday, June 30, 1999: President Bill Clinton now predicts that it would take the government just 16 years to reduce the debt to zeroMehttp://www.blogger.com/profile/15083766178887686304noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8240097.post-67957487937205779052011-03-07T14:15:18.502+09:002011-03-07T14:15:18.502+09:00There was never any chance that it was going to ha...There was never any chance that it was going to happen, and it showed the economic illiteracy of most of our "elite" that they ever saw it happening, or indeed saw it a thing to be wished for. Government debt = non government surplus (by definition). The process of "retiring" trillions of debt would have drained just that much in financial assets from the private economy. jimbonoreply@blogger.comtag:blogger.com,1999:blog-8240097.post-90508594578624359932008-10-07T23:13:00.000+09:002008-10-07T23:13:00.000+09:00There was never any chance that it was going to ha...There was never any chance that it was going to happen, and it showed the economic illiteracy of most of our "elite" that they ever saw it happening, or indeed saw it a thing to be wished for. Government debt = non government surplus (by definition). The process of "retiring" trillions of debt would have drained just that much in financial assets from the private economy. Anonymousnoreply@blogger.com