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

To: JDN who wrote (666019)	12/23/2004 8:37:25 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

JDN, I agree. The real crisis is Medicare, not Social Security. Medicare does have a crisis. SS does not.

To: JDN who wrote (666019)	12/24/2004 11:15:09 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"I dont know enough yet about the cost of Medicare reform in the manner of prescription drug coverage to yet debate it." The OMB actuaries do... projected deficits MUCH LARGER then SS's deficits. "President Bush started out very modestly with the discount card, I THINK its what 2006 before the real costs to the federal govt kick in?" Yes, 2006. "In any csse its what THE PEOPLE wanted." Not convinced they wanted the DEFICITS, though... or the prohibition against barganing for better drug prices. "Dont know why you are so negative on the economy. Its growing nicely and nearly every economist expects about a 3 1/2% growth next year, which is just about right for a nation of this size. jdn" Rising rates, flattening yield curve, MASSIVE TWIN DEFICITS, decline in net capital inflow, high market valuations (only getting higher when options accounting kicks in in '05), huge unfunded pension liabilities in large caps... evidence the bull rally inside our bear market is reaching it's end.