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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (18580)	5/9/2000 11:13:00 AM
From: Fangorn	Respond to of 769667

Chalu2, The problem with bank deregulation wasn't deregulation per se but the increase in insured deposits which let unscrupulous bankers play games (as in risky loans, fraud, embezzlement, etc.) with virtual impunity... if they messed up the taxpayer was on the hook to make depositors whole. The legislation that did the damage was passed under Carter with full Democrat support. washingtonpost.com As for Individual Accounts, I would expect the Feds to offer a menu of large mutual funds with a lot of Index funds. From what I have read, Bush is proposing a bipartisan commission to look at Social Security Reform and Individual Accounts is an option he favors. Nothing has been written in stone. Obviously, to do nothing is to ride the runaway train over a cliff, which is apparently Gore's plan. As for the "Pandora's box", Roosevelt opened that by even starting this ridiculous Ponzi scheme which promised a nice retirement to everybody without explaining that it would be paid for by their children and grandchildren. My grandfather started collecting in 1945 and lived until he was 88, his wife collected for another 10 years. His ~10 years of contributions came nowhere near paying his own benefits. This "risky scheme" started out badly and has gone down hill fast. I do not recognize another's claim on my life energy, unfortunately the state, at the point of a gun, insists that I fund my parents' generation's retirement as they were forced to fund their parents' generation's retirement. I am fully capable of supporting myself if not robbed by the state to subsidize others. And nowhere did I say you would not read the articles, sometimes the horse really is thirsty, though by your response it appears to me that you didn't learn much if you did actually read them.