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To: nicewatch who wrote (23252)3/3/2005 2:19:03 PM
From: Bucky Katt  Respond to of 48463
 
It sure worked today... I think Greenspan has, or is in the process of, breaking the punch bowl...

Greenspan touts idea of consumption tax; urges action on Social Security

WASHINGTON -- Federal Reserve Chairman Alan Greenspan said today that some form of a consumption tax -- such as a national sales tax -- could spur greater economic growth, but he cautioned that the government would face significant problems making the transition to such a system.
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On Wednesday, Greenspan urged Congress to move quickly to fix the financing problems in Social Security and Medicare, arguing that delay will only make the country's budgetary problems more severe.

Greenspan again endorsed the key part of President Bush's Social Security overhaul to set up private accounts. But he said Congress needed to do other things to put Social Security and Medicare on more sound financial footing given the impending retirement of 78 million baby boomers.
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Talk about a shitstorm, whatever they do, it is going to cost US more in taxes.....

I think I used to own some CRDN, long ago.... Falling apart here in 2005, nice short!



To: nicewatch who wrote (23252)3/4/2005 10:53:42 AM
From: Bucky Katt  Read Replies (4) | Respond to of 48463
 
Looks like the rally is overdone in here, going to the darkside...