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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (17088)	11/21/2002 6:45:55 PM
From: MSI	Respond to of 93284

Bottom line: low yield of gov't paper is precisely due to the low risk (technically zero). Higher yields are from higher risk, there's no free lunch. The increased valuations from trillions more in the market will be the same as the increased risk we saw in the dot-com bubble, except broadly spread and the bubble will deflate more slowly. But you will still get less return on your cash in the market, one it's flooded with SS money. No one wants to deduct that decreased return, they'd rather ignore it. The SS privatization issue is somewhat of a shell game with little net gain for the citizens, other than a one-time stock market ratchet in valuations. The real gainers aren't the citizens, it's those who hype the story for political gain, and intermediaries who are straining at the bit to handle the trillions of dollars in new accounts. The only real solution is improving government efficiency and accountability. Which is what government officials at all levels fight against, tooth and nail. It looks like the only way to accomplish that is by guerilla efforts by citizen groups such as ewg.org, who expose gov't accounting on websites, in spite of gov't attempts to keep it concealed.