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Politics : Ask Michael Burke

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To: JHP who wrote (84767)	11/1/2000 9:58:36 AM
From: Hawkmoon	of 132070

In WHAT WAY is the Clinton/Gore administration spending the $160 billion surplus on dedicated infrastructure projects? My premise is, John, that were the surplus dedicated solely to infrastructure projects that would benefit the private economy, OR for the purpose of retraining and re-educating American workers seeking to improve their job skills (so they can make more $$$ and pay more taxes later on), I would have less of a problem. But right now the surplus represents a tremendous piggy bank that pork barrel politicians on both sides of the aisle realize must be spent (so why not their own pet projects, they think?). The only way to discipline spending binges by politicians is to limit the amount of money they have access to... Bottom line, the surplus should be invested so as to increase economic output 20 years from now. That is the ONLY way that the social security liabilities will be properly handled. Giving the government an $2 Trillion limit on their FICA financed "credit card" to create even greater government obligations will bankrupt this nation. Europe is already facing this prospect... and Japan will apparently have 1 in 4 citizens entering their '60s within the next 5-10 years. Why do we have to walk that same path? Yes, the times have been good over the past 10 years+.. But for us to ignore the inevitable trainwreck that is approaching 10-20 years from now, when WE KNOW IT IS COMING is nothing more than stealing from Peter to pay Paul... I call it stealing because Paul won't be paying that money back. Regards, Ron

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