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To: onurbius who wrote (17343)1/28/2001 7:03:02 PM
From: Tunica Albuginea  Read Replies (1) of 24042
 
onurbius: John Pitera missed like all the Democratic
controlled media and intelligentsia what Greenspan really
said.
Per my previous post, Greenspan was in support of tax
cuts against more spending 2 years ago, in Jan 1999

Message 15258250

The problem is that people do not read documents and lunge
into diatribes with their pre conceived opinions.

You do not need a PhD in physics for this:

Western Civilization ( Europe & America ) are living
beyond their means.
They do not have the cash to pay for their lifestyle.
In particular their pensions and Medicare.

So for the last 50+ years since Roosevelt we have accumulated
a GIANT DEBT.
And Governments use their might to get bigger and pile on more debt.

The result is that now you need two people in a family
working frantically to make ends meet.

Even if ultimately we find a role for Government and what they
are supposed to do, I don't think it is rational
to have Governments that pile on debt after debt, year after
year.

That leads to Bankruptcy or devaluation of you
hard earned savings.

This is the problem that needs to be addressed.

The top two people in the country,
Bush and Greenspan have both said a tax cut is in
order assosciated with fiscal responsability, ie keep spending down.
Bush has an MBA from Harvard.

Why do we have to tolerate endless postings by self anointed
economists suggesting other plans?

Listen to your two leaders.

Oh yes I forgot, Bush was never elected,

TA
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