[PEN-L:3963] Re: Re: Say it ain't so, Max

[MScoleman@xxxxxxx]

In a message dated 99-02-28 20:04:47 EST, Jim Devine says:

<< a recession would also end the surplus (raise the deficit) by lowering tax
 revenues and raising transfer payments.
  >>

Well, yes a recession would lower tax revenues but with the new workfare laws
in all the states would it really raise transfer payments?  I think one of the
long reaching effects of new welfare laws is that the cushion is very limited.
One long recession will put the ability of people to collect out of reach for
a generation.  maggie coleman mscoleman@xxxxxxx