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Politics : Ask Michael Burke

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To: JHP who wrote (84767)11/2/2000 3:56:49 PM
From: Hawkmoon   of 132070
 
Hey John!! Remember our discussion about how the government was actually increasing the national debt by taking in surplus funds for the SS trust fund?

Well, Martin Gross wrote an awe-inspiring description that details exactly how that is occuring. I posted it at this link and I suggest that EVERYONE give it a good read:

Message 14713730

If you've read this and now fully understand why the surplus only results in increased government budgets and pork barrel and entitlement spending, then you know why Bush's concept of partial privatization is so very important.

Gore would leave nothing but further governmental obligations that our kids will have to pay for, in addition to those that are accumulating today.

It is very important to take that money, have private citizens invest it -if only in AAA rated corporate bonds- and grow this economy.

The government simply can't pay down the debt without distorting the currency markets that already are creating an extremely strong dollar and hurting corporate profits overseas.

Regards,

Ron
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