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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (218147)	2/8/2005 4:56:07 PM
From: Road Walker	Read Replies (1) \| Respond to of 1571935

re: In terms of social security costs we can afford them now (esp. if they are phased in rather than all at once) more then we will be able to afford them later. Of course we can hope that other government costs will be contained better in the future than they are now but I'm not sure that is very likely considering the projected growth of medicare and how no one with any power or status is talking about serious medicare reform. If the debt gets worse we can afford them never. Medicare/caid is one issue, there are many others. Military spending is certainly an issue. re: If we borrow the money now the effect is similar to if we promise to pay it latter. Borrowing money includes the promise to pay it back later. If we reduce what we are obligated to pay later through social security the effect is similar to if we reduced debt. Of course in the mean time we would be increasing actual debt, to a large extent the two factors cancel each other out. I see, you subscribe to the "the deficit doesn't matter" rhetoric. If interest rates respond the way they should under the burden of this massive debt, on top of our current massive debt, then the economy will slow and government revenues will slow even further. And there is a huge difference between borrowing money today based on a mythical payback in 50 years... it's called interest expense. John