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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (42420)	4/12/2004 5:20:27 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 89467

Nice try at a dodge. But that's what it was. Have you looked at the numbers as to what it would cost to pay for SS as it was? Where did you intend to get the money? Or is your plan to have the old folks beat it out of the young ones? The reason that SS grew to be more expensive was that the older people vote more. Do you think that would continue forever and the younger ones would never catch on? SS is a Ponzi scheme. A fraud. If you or I set it up, we'd go to jail. SS was a fraud from the day it started. And, with the addition of Medicare and now prescription drug coverage, SS has been made more expensive yet. One of the things I hold against GWB was pushing and then signing that drug coverage law. You must have seen the estimates of its real costs and the scandals that they were not disclosed initially. GWB was playing for votes in the '04 election rather than doing his job. With that and the unamnesty amnesty, his desperate pandering and clutching for votes reminds me of Gray Davis once he realized the recall was really, REALLY serious (although how he could ever have thought otherwise is beyond me). You don't like it here? Hey, there are flights to Europe and the People's Paradises every day. No one will stop you. Don't let the doorknob hit you in the butt.

To: lurqer who wrote (42420)	4/12/2004 7:11:52 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

coolness: JW does Puplava's Financial Sense wrapup financialsense.com "Failure of the Fed Reflation Initiative" by Jim Willie CB Since January of 2001, when the Federal Reserve embarked on a path extending over 20 months to reduce Fed Funds targeted interest rates down to 1.0%, the resolution is incomplete, uncertain, and hardly successful. By many measures, the outcome is arguably a failure. Aggressive monetary stimulus has jolted the economy and financial markets, to be sure. Clearly absent has been a foundation upon which to build an economic recovery. Twenty years of a rising USDollar, energy reserve depletion, and offshore manufacturing has led to an “evolution of dependence” which leaves our nation highly vulnerable in its supply of energy, raw materials, and capital. Also absent have been the internal dynamics to force traction of monetary policy into actual commercial performance. The foundation lacks the pent-up demand, principally in the car and housing sectors. More critically, it lacks domestic savings from which to recapitalize. The internal dynamics have been indeed radically altered by the rapid evolution of globalization itself. The business cycle has changed to the extent that cyclical behavior is challenged and debated. The cycle may be broken. / jim