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

To: Tunica Albuginea who wrote (69230)	2/15/2001 1:12:15 AM
From: TobagoJack	Read Replies (2) \| Respond to of 99985

Hi Doc, You are right. For a private individual to be in debt to the tune of <<funded and unfunded of 24 trillion>>, what is another 1.odd trillion of revenue decrease over 10 years, resting on dubious assumptions of continued fiscal surplus. Worst comes to worst, just drag out the retirement age to beyond 72 and make them all work harder still. And for that matter, as there is all of 550 basis pts to go yet, the believed 150 basis pts does not qualify as massive either. Figuring (neh, counting on) the politicians to not introduce increases in the budget, be they for federal payroll or jungle/desert/space adventures, the money will be there to buy cake for the retirees after the 10 year horizon. I hope nations are not literally run on the corporation method, limiting itself to 10 year plans, a mere 2 years after George's second term. And so we can all go and buy a massive SUV, charge it on the overworked credit card, rollup into a jumbo home equity loan, use it for business, get a depreciation credit from the tax authorities, and buy another SUV with the savings. Nothing to worry about at all. Problem is, of course, that onedotodd trillion here and twodotodd trillion there, and pretty soon, we are talking serious change that needs to be run off the printing press. Between Rubin's ruminations on fiscal responsibility and the maestro's meandering in the pumpkin patch, maybe Rubin suggested course is the lesser of two evils, at any rate less risky. Rubin was not dumb to have quit while the quitting was still good. In engineering, massive is anything that is not gradual, considered, and controlled. Hope same is with medicine. Chugs, Jay