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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (68586)10/3/1999 10:11:00 PM
From: James F. Hopkins  Respond to of 132070
 
I agree; and did a thing on debt myself
Message 10289563

We are getting some feed from 401ks, but in July one State
put all their employee retirement money in the market for the
first time. ( I forgot which one )but a lot of them do,
and via by proxy it means TAX money is feeding the market.
and in this system Every body pays taxes, one way or another.
The ones that don't have the money to pay, still pay but
in other ways.
-----------------
Debt and super Dept will hold her up till the defaults
outweigh the money made. ( that is from a super crash )
which will come like I said due to Demographics more
than any thing else, as we get more and more older
people who switch from stocks to bonds or just have
to cash in to maintain a life style and or pay the ever
increasing medical bills tath come with old age.
Jim