Example of Treasury Snake Oil.
- Date: Wed, 19 May 1999 19:33:35 -0400 (EDT)
- From: ridgeway <riridgew@nyx.net>
- Subject: Example of Treasury Snake Oil.
Here is the press release of 5/5/99 from our Treasury Dept.
I thought it might be instructive, given that james is clueless.
----------------------------------------------------------------
http://www.ustreas.gov/press/releases/pr3132.htm
----------------------------------------------------------------
...We are paying down $116 billion of federal debt...It is a
great accomplishment for this Administration that we are now
reducing the debt...We have reduced privately held marketable
debt from approximately $3.1 trillion in March of 1997, to less
than $2.8 trillion -- a pay-down of $320 billion in just two years.
----------------------------------------------------------------
So, what do you think? James, your order of snake oil from Clinton has just arrived!