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: greenspirit who wrote (45089)	10/11/2000 6:44:18 PM
From: flatsville	Respond to of 769667

Michael-- What exactly is the plan? At first Bush wouldn't say (because he didn't know?) what portion of the payroll tax could be contributed. Then without explanation it was a 2% voluntary contribution. Then it suddenly jumped to 16+% the night of the debate. First he said cuts in benefits were up for grabs: >>>...Mr. Bush has refused to say what proportion of the 12.4 percent payroll tax people could put into private accounts under his plan. Mr. Bush also refused to say how much benefits might be reduced for workers who created private investment accounts. "That's all up for discussion," Mr. Bush said....[Dao and Mitchell, New York Times, 5/17/00] Then he said at the last debate all this would be accomplished without an increase in the payroll tax, a hike in the retirement age or decrease in benefits...to anyone as best that I could tell There's a 1 trillion dollar prior obligation not met or discussed by Bush as though it didn't exist. There's no details on "approved" investment choices...Can I buy Korean bonds?...Go short in anticipation of a down market to hedge? The only "creative" thing about this so called "plan" is that they make it up as the go along. If necessary I will go back into criticism from mid-May when what very few sketchy details there was first appeared. The plan looked dicey then. Now with a few more details it looks even more prone to failure.