PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Emile Vidrine who wrote (614269)	8/30/2004 7:41:58 PM
From: BlackDog777	Read Replies (3) of 769670

"middle Class and their employers pay 15% of their salaries into the SS Trust Fund for 40 years" No...it started out at 1% and was elective. Now it's 15% non-elective. I believe you can find some Democratic fingerprints from all denominations on that increase. "Where's the problem? Are government bonds a safe investment? It is until the government begins running up huge deficits and is forced to issue more bonds than it can ever repay." As long as we remain the largest consumers in the world, and there really is no end in sight on that, then trade surplus countries will keep gobbling up those bonds. Purebred economics...keep the buying customer happy! "The SS System has been running a huge surplus for the last ten years." You've got to have a little more scope to this picture. This statement is true, but this is because the biggest demographic group of wage earners in the history of the country are at their peak earning years...the baby boomers. Look beyond your nose...in the future we will have 100 million of them retiring. These people are going to live a lot longer and are going to be the strongest lobbying group in Washington. AARP will eventually be the strongest arm-twister in the business. There are not going to be enough new wage earners to keep pace...especially in light of all the other people who've jumped on the dole without paying their dues. When a Ponzi scam has more collectors than new members...times up. FICA will someday be at 40%+ All you socialists will then be happy. If you are in your twenties or thirties...good luck. "But Congress and Bush have given the super rich a $1 trillion tax cut over ten years which added more than $100 billion to the deficit which they borrowed from the SS Trust Fund." Well, I got back $1800 for a rebate & child credits. That's money I would have never had if Gore had been president and I'm very middle class. Deficits...spend during downturns/ save during upturns. This is good economic advice. Deficits at this level are hype..they really are. I remember all the doom & gloomers during Reagan's tenure and here we are. It's just simple economics with more zeros...we have a $17 trillion economy and a $5 trillion deficit. Big deal. Let's simplify this to the middle class since you love to play the "class envy" game. (along with massive doses of anti-semitism) How many middle class grunts do we have that make $50K a year that have $150K mortgages, $15K car payments, & $5K credit card debts? They've got $170K in red ink on a $50K economy. There are literally millions in the US just like that or worse. Where's the hysteria?? Where's the outrage?? I'm a lot more concerned about jobs going overseas and having a smaller government than I am about deficits...that's all hysterical bullshit. The bond buyers know it...that's why interest rates are still low. Stick to anti-semitism, you're better at that.

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