Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (22527)	1/31/2005 4:40:46 PM
From: j-at-home	Read Replies (1) \| Respond to of 116555

Hey 90-10 Do you remember Jim Ray Hart, Tom Haller, and Jim Davenport? lol .. think that was a couple years later -s- trying to remember the more obscure rather than the obvious (like the Willies or Cepeda or Marichal ). ho ho - good trading

To: Knighty Tin who wrote (22527)	1/31/2005 4:51:32 PM
From: mishedlo	Respond to of 116555

Eliot Spitzer critical of Bush Social Security plan Monday, January 31, 2005 9:16:28 PM New York's top lawyer critical of Bush Social Security plan WASHINGTON (AFX) - New York's outspoken Democratic attorney general criticized the Bush administration's plan to create private accounts for Social Security recipients on Monday, saying the proposal would cost the government huge sums of money. Eliot Spitzer, a Democrat who is seeking the New York governor's mansion, also chided the Bush administration for promoting the Social Security plan when officials "failed to protect investors" from frauds in the investment banking and mutual fund industries. Bush is pushing a controversial plan that would allow younger workers to divert part of their Social Security payroll taxes into private accounts. The debt incurred by the federal government, Spitzer said, would be "simply astronomical." The government would in fact need to borrow as much as $2 trillion over the next decade to continue paying current benefits to retirees, Spitzer said. Spitzer has made a national name for himself taking on wrongdoers in the financial services industry, and Monday's comments, made in a speech at the National Press Club here, align him squarely with other top Democrats who have criticized Bush's plan. "Democrats see strengthening Social Security as the cornerstone of independence for our seniors and for people with disabilities," House Minority Leader Nancy Pelosi, D-Calif., said Monday. "President Bush sees undermining Social Security as the cornerstone of his 'ownership society,'" she added. Bush is expected to make his call for the creation of personal accounts a major part of the nationally televised prime time State of the Union address Wednesday evening. This story was supplied by MarketWatch. For further information see www.marketwatch.com