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

To: DuckTapeSunroof who wrote (681880)	5/10/2005 11:46:03 AM
From: CYBERKEN	Read Replies (1) \| Respond to of 769670

There is no cure for what is wrong with Patsy. It is not ignorance, it is congenital stupidity...

To: DuckTapeSunroof who wrote (681880)	5/10/2005 12:58:56 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 769670

The last fifty years were fueled by the baby boom. When boomers started leaving the nest and forming households there was a shortage of housing. Following that there was a supply shortage of carpets, furniture, baby clothes, and other consumer goods related to the surge in household formation. There were not enough elementary school rooms, etc. The new entrants to the workforce were just out of college and not very productive. Result Stagflation. As the boomers moved through various stages of life, there was price inflation on each new category of goods the maturing population bulge demanded. As they reached the age of knowledge and productivity, our economy surged through the late eighties and nineties. As the boomers start retiring their absence in the workforce will cause a slowdown in the economy. Late boomers trying desperately to save for retirement as the economy sags will slow the decline. By 2015 we could be in some stage of a depression. Do you see any population bubble like that moving through our economy in the next fifty years? By 2030 China will be the number one economy in the world. "The baby boom fueled the growth, it is now reaching retirement. That is what is fueling the Social Security crisis." What 'crisis'? From Merriam Webster: Crisis: 3 a : an unstable or crucial time or state of affairs in which a decisive change is impending; especially : one with the distinct possibility of a highly undesirable outcome <a financial crisis> b : a situation that has reached a critical phase <the environmental crisis> When Social security starts having to redeem the bonds that it holds, we will be in a crisis. It requires cash payments. The cash will have to be: a) printed - causing inflation; b) revenues increased - higher taxes will crush the economy ; c) expenditures decreased - yah right, by us and which army? d) Investments sold - depressing the stock market - oops, Democrats don't want to admit stock might help solve the problem. The unfunded liability of Social Security is currently in the $ 4 Trillion range. Federal accounting for it does not admit the existence of the liability. It is getting bigger every year.