PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cogito who wrote (672106)	2/13/2005 7:39:02 AM
From: TideGlider	Read Replies (1) of 769667

Because it is totally leveraged. If any company defaulted on 30% of their obligations, the remainder of their notes would be called. Of course the Federal Government doesn't run like a business. Businesses and people are not allowed to run fiscal affair like the government. SS is a scheme that needs more and more people at the base to provide for those at the top. The expansion of benefits and the increase in the life expectancy of people have created a potential train wreck. Those who enjoy playing chickie and want to wait til the trains are within feet of each other are reckless. By the way, the "bankrupt" system he talked about today, in 2042, would still be able to pay out 70%+ of benefits, without any additional borrowing. How is that bankrupt?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next