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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (37447)	1/14/2000 10:56:00 AM
From: Les H	Respond to of 99985

You're correct. But they're eventually going to have to issue debt or raise taxes to meet the demands when the flood of nonmarketable debt comes due. They're just pushing off the problem into someone's kids or grandkids, or else placing some excise tax on IRA's or 401K's in several decades IMO. It wasn't that long ago in 1990 that the Democrats (Rostenkowski) proposed an increase in payroll taxes (FICA and Medicare) to over 22% and an excise tax of 15% on individual retirement accounts.