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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (440778)	8/10/2003 3:05:58 PM
From: Peter O'Brien	Respond to of 769670

Yes, I agree, privatization is the right way to go, but I don't think Bush will be successful in pushing it through. So, we will be stuck with the same fraudulent system until it collapses under its own weight. That is my prediction. And, yes, you may be technically correct. If the government turns on the printing press to "solve" this problem, the under-40 population will get some worthless dollars when they retire. Admittedly, this is not exactly _zero_, but it is pretty darn close. It reminds me of a joke, which I think is actually based on a true story, during the German hyper-inflation of the 1920's. During that period of time, workers would get paid every day and spend their money as soon as they got it (so that it wouldn't devalue while they held it). A worker got his daily pay, but it was in the form of a large number of smaller denomination notes. Since it was too bulky to fit in his wallet, he piled the notes into his wheelbarrow and went to the store. The wheelbarrow didn't fit through the front door of the store, so he left it on the sidewalk for a minute while he went in to make his purchase. When he came out of the store, he noticed that someone had stolen his wheelbarrow, but all of the currency was still sitting there on the sidewalk!