Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mike M2 who wrote (53534)	1/3/2001 6:03:12 PM
From: NOW	Read Replies (3) of 436258

<We should not underestimate the ability of politicians to destroy. > few words more truly spoken on this thread... But for a nice change how about these words: Congressman Ron Paul (R-Texas)/Speaking in the congressional record 11/13/2000. "Government statistics continue to tell us that price inflation is not a problem, and when an inflation statistic comes out is does not like, it drops out food and energy and claims the number is totally benign. Ask any housewife, and they will tell you that the cost of living is going up steadily and much more rapidly than the government will admit. We in congress should be prepared for lower revenues in the future since the revenues received the last couple of years were artificially created by a stock market that had skyrocketed due to credit expansion by the federal reserve. These capital gains will soon disappear. The savings rates of Americans are now negative. Without savings, true capital investment cannot be maintained. Creation of credit out of thin air by the Fed was the original problem, so it surely cannot be the solution."

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