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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Haim R. Branisteanu who wrote (8620)2/25/2004 11:16:20 AM
From: Jim Willie CB  Read Replies (3) of 110194
 
Greenspasm seems to be painting a picture of catastrophe
focusing on Sochacurity and Medicare
huge glob of baby boomers hit eligibility in 2007
he recommends that USGovt screw future retirees
by raising the eligible age and reducing benefits
as they raise the age, it is for people born after 1960
they do have method to their madness of screwing retirees

he urged them not to raise taxes, which would slow the economy
and render it more helpless to finance future budgets

all predicted within my writings, and a total nobrainer

I fully expect Medicare/Medicaid alone to be a line item totaling $1000 billion within ten years

Greeny warned the higher longterm interest rates are to be anticipated during this decade from budget pressures

/ jim
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