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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (22212)12/19/2004 7:45:48 AM
From: sea_urchin  Respond to of 80954
 
Phil > What a great world we live in. Monetary policy and fiscal jiggering can ensure ever lasting Nirvana for us all! Actual mundane work can be left for others to do, like the less fortunate and obtuse Asians.

Yes, that's the game but one has to know how to play it otherwise one might have to do the mundane work oneself!

> The government wouldn't lie to the people, would they?

No, never, cross my heart.

I suppose you saw this in the link you posted:

>>Snow said the government is nowhere near reaching the international lending market's ability to absorb more federal debt, even with the annual government budget deficit near a record in dollar terms already. On the contrary, he said, bond traders will reward the administration for tackling the problem presented by a rising tide of retiring baby boomers who, by 2019, will be taking more out of Social Security than workers will be putting into it.<<

Better hold on to your chair because another few trillion of debt is well on the way.