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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (217160)	2/4/2005 8:03:13 AM
From: Road Walker	Read Replies (3) of 1571016

re: What last 4 years are you talking about? We are barely down in last 4 years. The point is that it is down, and could be down or flat in a given 30 year period. In fact I would bet even money that it will be down in a 30 year period over the next 100 years. It's the luck of the draw, a gamble. re: Under your doomsday scenario, Congress would be removed from budgeting and replaced by a board run by creditors, and the hard debts would take a priority over "soft" SS liabilities. What "doomsday scenario"? In a 30 year flat to down market, companies will still earn money, spend money, employ and pay people, the economy will continue to function. But people's "private" SS accounts will be destroyed by inflation. You don't think this could happen? re: As far as the possibility of Congress confiscating private property from private accounts of SS savers, while that is possible, then nothing is safe. I'll admit they would probably be slightly better protected than the SS contributions I've paid in my entire life (and that the administration is so enthusiastic to borrow against). Would those "private" accounts be part of the unified budget? John

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