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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (60125)	2/7/2005 9:36:33 AM
From: Michael Bidder	Respond to of 74559

Does it make you nervous that Bush's Security program is essentially a pump of money into wall street. Maybe it will work but I am cynical. I think the only way to insure the retirement of a generation is to have a healthy young next generation. That means America should, and it will, support family friendly laws. Michael Bidder

To: elmatador who wrote (60125)	2/7/2005 6:40:29 PM
From: Elroy Jetson	Respond to of 74559

The only way to keep the Monetarist debt bubble going is by creating ever larger mountains of debt. Since consumer's appetite for additional debt is slowing down, the Bush admin has to create an excuse for the government to take up the slack and rapidly create huge new quantities of debt. "U.S. government could borrow $754 billion in the next decade to help finance private accounts for Social Security without hurting the U.S. economy with higher budget deficits." But this only postpones the inevitable. As Harvard economist Joseph Schumpeter said a long time ago, "policy does not allow a choice between depression and no depression, but between depression now and a worse depression later". .