Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (42886)	10/5/2000 10:29:52 AM
From: Zeev Hed	Read Replies (4) \| Respond to of 769667

No, that is exactly the argument I have been trying to make with neocon, my point is that making a statement that $1 Trillion grows to $3 Trillion in ten years is not factual, since it takes ten years to accumulate that $1 trillion. Bush certainly did not mean take $1 trillion out of the current trust fund, allocate it to each tax payer (according to what ever formula( and then invest it for 10 years. He said current "young payers" will be allowed to allocate 1 out of every six dollars of SS into such a fund, and thus the $1 Trillion must be invested at the rate I suggested of $8,333 Billion per month and to get $3 Trillion you must achieve a rate of return of 19.32 % which is preposterous, and indicative of the weakness in Bush' intellect. It is plain to any objective observer. If you take the position that he knew he was misleading, then Bush is nothing but a wolf in sheep clothing. Or as he love to term it a "Compassionate Conservative", lot of compassion for ultra conservatives (g). He'll give them (1% of the population) 30% of his proposed tax cut. Very compassionate to some people all right. Give Gate a 10% cut, but you and I will get 6.5%. Since i do not want to take the position that he was misleading intentionally, I am left to conclude that he does not have the intellectual capacity to lead. Zeev