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Technology Stocks : Intel Corporation (INTC)

INTC 35.81

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Nov 25 3:59 PM EST

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To: Scumbria who wrote (128916)	3/3/2001 8:42:02 AM
From: pgerassi	Read Replies (1) of 186894

Dear Scumbria: Reagan had to take a 18% interest rate and a Social Security out of control. The fixes by the Reagan and Bush years fixed both Medicare and Social Security, all three things were left to Clinton in far better shape and the only reason for the high debt is SS and MC. Did you see the graphs of spending for SS and MC? They skyrocketed. Carter left Reagan with double digit CPI increases. It is easy to keep the debt in check with 6% interest than with 18% interest. The payouts in the entitlements (SS, MC, and MA) also increased by those same measures. Who set up these highly costly backended programs with a pay as you go plan? FDR and Johnson. And who failed to do any fixes to any of the programs? Clinton. He shoved it off. Bush, now has to deal with programs that have festered under the mismanagement of Clinton. Pete

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