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

To: TimF who wrote (219308)	2/15/2005 7:51:39 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572604

re: Its also a statement or a mindset that has nothing to do with anything I said. We are arguably overextended in one way now, if we make the change we will be overextended to the same degree in a different way. No, we will be overextended to the tune of ~$4Trillion more (plus 50 years interest). Every economist admits that, get over it. It's the Bush mindset that somehow everything will work out in the end. It's like the drug benefit; everybody will get drugs for free so we'll all be healthy and health care costs will offset the cost. It's fantasy economics, you have to recognize that; you are not stupid. You just have to pay for SS. It's incremental and cheap, you also have to agree with that. It's not a crisis if we act. We don't have to reinvent the wheel; that's politics. re: If OTOH people are already aware of our governments obligations than interest rates should not be significantly affected by the move. There is an interest rate bubble... it's end of cycle, the last of the short liquidity is funding the the final peak. Think Nasdaq March '00. It might be a week, a month, a year. But we are on the cusp of a crash. Mark my words (you should never say that if you have ANY sense). John