[adios]

Current yields on treasuries:

2 Year 1.65
5 Year 2.93
10 Year 3.96
30 Year 4.93

If I could sell people a 10 year bond at 3.96% yield I'd sell em all they wanted. The amazing thing is the demand is strong for them (with a slumping dollar no less).

As far as running a deficit in economically slow, to sluggish times it's the right thing to do IMO. I think it's fair to say that John Maynard Keyenes would agree. Hoover in the late 20's tried for a balanced budget, with higher taxes, and with tight money during economically slow times during his administration and look what it led to. As far as running Reagan running a huge deficit, I think the "peace dividend" and the end of the cold war were well worth it.