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

To: RetiredNow who wrote (221814)	3/3/2005 8:39:05 PM
From: SilentZ	Read Replies (2) \| Respond to of 1575386

>But I happen to agree wholeheartedly with all of Greenspan's positions. And I've lost pretty much all respect for him. -Z

To: RetiredNow who wrote (221814)	3/4/2005 1:40:36 AM
From: tejek	Read Replies (1) \| Respond to of 1575386

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. I fear that we may have already committed more physical resources to the defense of this country than our economy has the capacity to deliver and is warranted. ted

To: RetiredNow who wrote (221814)	3/5/2005 9:43:43 AM
From: Amy J	Read Replies (4) \| Respond to of 1575386

Mindmeld, it's about time Greenspan gets tough about this country's economic mess. He doesn't come across as a gambler type, but he's certainly got this country leveraged to the hilt with deficit spending. Here's my opinion: 1. Greenspan should get tough with Congress about a balanced budget. Glad to see he is finally doing this. 2. However, he should address the deficit spending due to the $450B military complex. This needs to be cut. 3. Why on earth is he recommending a consumption tax in order to encourage people to save money? How ridiculous. It impacts the vulnerable people who earn < $30k. 4. If he truly wanted people to save, rather than penalizing them at the bottom and making their struggles even worse than what they have, he should develop a savings plan that encourages people to save. He should use a carrot rather than a stick. Create a non-retirement Savings Plan that's tax deductible up to 5% of people's incomes with a cap, and penalize them if they take it out earlier than 5, 10 or 15 years. 5. Why is he suggesting more taxes to solve a problem that he claimed his new tax during the 80s had fixed back in the 80's? I'd like him to explain why he promised the payroll tax raised in the 80s would make social security fully solvent for 69 years, but now today we find out it doesn't. So, why is he going back on his word? What error did he make? He needs to explain this. There's no reason to raise taxes to pay for the boomers retirement, when the boomers are only saving 1%. Instead, what is needed is to encourage the boomers to save for their retirement by providing them with the incentive to do so. 6. Taxing everyone else because Bush doesn't know how to cut the deficit or because the boomers don't know how to save, simply doesn't get at the issue. This country needs more savings. They need to cut the $450B military complex that is causing this deficit, then create a Savings Plan, then raise taxes. Regards, Amy J