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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: HairBall who wrote (21036)	7/25/1999 1:30:00 AM
From: Gersh Avery	Read Replies (2) of 99985

** OT ARRRRGGGGGG ..... Surplus .. ARRRRRGGGGG .. (puke .. puke) I can't believe it!!!! THERE IS NO SURPLUS They just changed the bookeeping!! Smoke and mirrors magic! THERE IS NO SURPLUS .. THERE IS NO SURPLUS (I'm starting to feel better ..) Look .. just a little while ago all the talk was the deficit .. then just like night and day .. like a light switch was turned .. all the talk became the "surplus." What happened?? They decided to ignore the future responsibilities of Social Security. If you leave out Social Security cash flows, the deficit has continued to grow. To say that Social Security cash flows offset the remaining general budget spending, you must reconsider what Social Security is. IF .. you believe that Social Security is a bankrupt pension fund that is about to be forfited over to the government .. then perhaps it would be fair to call momentary excess cash flows a "surplus." BUT .. if that is the case then .. All Social Security contributions from both employeer and employee are nothing more that income tax. All persons that recieve Social Security are actually Welfare reciepiants. For the time being, the surplus only exists within Social Security. As far as the rest of the federal government goes, it is only a potential surplus. The only way that it becomes a realized surplus is to disolve Social Security and confiscate all of its' assets. until then THERE IS NO SURPLUS** and as long as people keep thinking there is, the door is open for the total destruction of Social Security. This is the goal of the promotion of this "surplus" concept. end rant Gersh

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