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


To: TimF who wrote (218469)2/10/2005 7:11:37 AM
From: Road Walker  Read Replies (1) | Respond to of 1572507
 
re: Only if they are acting irrationally by lending to us now (or by lending to us at current rates), and the shift of SS obligations from an unaccounted for liability to formally accounted for debt wakes them up to this fact.

No, there are real formulas and benchmarks to determine financial health, for companies or countries. To say that because we are over-extended now, there will be no reaction if we become much more over-extended is the mindset that got us in this mess.

We need to increase the funding for SS to counteract the perception that it may be under-funded. Then we need to reinstate the taxes that Bush cut, and cut federal spending.

In other words, we need to get out house in order.

John