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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (672612)	2/17/2005 8:26:39 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

"That is only during the transition," Of course... but it's a L-O-N-G 'transition... and interest payments would be compounding all the while on the increased national debt. "in the long run the new plan would radically change national savings rates." Maybe, maybe not. It ALL DEPENDS on the DETAILS. Greenspan seemed to make his view pretty clear: he has serious doubts that a 'transition' ENTIRELY financed by increases in the national debt (spiking interest rates, slowing economic growth, and with the REST of our structurally imbalanced government over-spending left unaddressed) would increase the 'national savings rate' at all....