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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (21443)	8/11/2001 3:54:40 PM
From: Don Hurst	Read Replies (1) \| Respond to of 82486

>>"2 - It is quite possible that the burden of social security will simply become unsustainable. It will become unsustainable if we have a big decade or two with little economic growth. If we have something like the great depression then all bets are off. If it hurts the children enough they will vote against the interests of the elderly. Or if things get really bad the government will be unable to raise enough revenue to pay for SS even if everyone wants it. If the worst happens and it does become unsustainable then trying to force it to continue without cut backs and reforms could cause horrible damage to the US economy that could take a generation or two to recover from. I don't actually think things will get this bad, I'm just saying that not even SS is as inevitable as the sun rising."<< interactive.wsj.com The above is a url to today's Abelson column in Barron's. In his usual optimistic self he quotes a guy who he says is quite knowledgeable in the housing stocks. The guy is shorting because he knows the consumer and housing are the main pillars of this very shaky economy. Margin loans have gone way done as everyone has gone to equity loans on inflated housing. If the cliff is out there for housing then the idiot's tax cut policies when the surplus was just about to disappear and his SS privatization scheme will make him have to give another scripted 10 minute speech where he tries to impersonate Solomon the Wise again. How did this idiot get selected?