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

To: RetiredNow who wrote (221687)	3/3/2005 5:33:26 AM
From: Elroy	Read Replies (3) \| Respond to of 1575177

So you agree that the Middle East has been brought to the boiling point through the kind of hate propaganda and virulent Islam that is preached in Saudi Arabia and the broader Middle East? Of course not, silly, this crazy rhetoric is your way of expressing things, not mine and usually not anyone else's. As I've recommended to you many times, don't even try anymore to express other people's thoughts because you get it wrong each time, stick to saying what YOU think and let others express themselves! As I've said numerous times, I live here and the vast majority of Muslims I encounter EVERY day are friendly and kind people. The only boiling point is the summer heat. And I think Saudi Arabia is probably the worst country in terms of its definition of Islam, so I wouldn't use their interpretation to generalize about the entire ME. As for how close it is to any boiling point, I have no idea as I have never been there and have zero desire to go. I wouldn't be surprised if the average Saudi hates their own rulers a lot more than they have the USA, though. But I really have no knowledge of what day to day life is like in that country. I do, however, no more than to take your understanding at face value. When you can't even seem to clearly undertand the thoughts of your fellow Americans that post to you every day in your native language, how in the world are you going to divine the thoughts of the average Saudi? Methinks you aren't.

To: RetiredNow who wrote (221687)	3/3/2005 4:13:20 PM
From: tejek	Read Replies (2) \| Respond to of 1575177

Mar. 3, 2005. 01:00 AM Greenspan sounds U.S. deficit warning Consequences `could be severe,' Fed chief says Debt worries clouding outlook for economy WASHINGTON—U.S. Federal Reserve Board chairman Alan Greenspan issued one of his toughest warnings yet to Congress yesterday about the danger of letting the country's giant budget deficits persist, saying "the consequences for the U.S. economy of doing nothing could be severe." Testifying before the House budget committee, Greenspan endorsed the creation of private retirement accounts within Social Security, saying he favours a "significant personal accounts component." Greenspan said Congress must act to overhaul Social Security "sooner rather than later" because of the impending surge in retirements. "I fear that we may have already committed more physical resources to the baby-boom generation in its retirement years than our economy has the capacity to deliver," Greenspan said. "If existing promises need to be changed, those changes should be made sooner rather than later," Greenspan said. Greenspan said worries about the budget are clouding the economic outlook, "especially in the longer run." Without "major deficit-reducing actions" by Congress, he said, the budget isn't likely to shrink much in the next few years. During President George W. Bush's term in office, the federal budget has swung from a record surplus to a record deficit — $412 billion (U.S.) last year. The White House says it expects to halve the deficit before Bush leaves office in 2009, but financial markets have grown jittery about the growing indebtedness. Last month, the U.S. dollar dropped sharply because of worries that Asian central banks might start dumping the currency. Greenspan said so far this year the economy "appears to be growing at a reasonably good pace." He didn't discuss the outlook for U.S. interest rates. During questioning, Greenspan said there's "very little evidence" foreign central banks are dumping the U.S. dollar. The recent changes in those banks' currency portfolios are mostly "technical moves backwards and forwards." Greenspan, when asked what would happen to the economy if foreign banks begin selling U.S. Treasury bonds in large volumes, said he didn't expect it would cause a surge in interest rates. "Our general conclusion at this stage is we do not perceive that it is a really significant problem for our domestic economy," he said. thestar.com