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

To: TimF who wrote (321583)	1/18/2007 1:37:18 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574004

As I've said before, we need both: cut spending and raise taxes. One or the other may do it on its own, but a combination of both are the most likely and most expedient way of solving the problem. If I were king, the first thing I'd do is immediately tag all incoming social security taxes to each individual's social security number. Then I'd calculate the debt load minus existing assets in the fund. Then I'd float US bonds for the amount owed in excess of the assets. This would add to our national debt, but it would highlight the true cost of the system. Next I would forbid SS revenues from every going into the general tax revenues that Congress spends. Next, I would never allow off the books financing of anything, including all these off the books Iraq expenditures that allow Bush to claim he's shrinking the deficits when in reality, he's not doing much at all. Next, I'd move our government account to the GAAP standard that all publicly traded companies in America have to follow, so that our gov't can't lie and bullshit the American public on the whether we're solvent or not. The basis of my program will be, let's acknowledge our problems so that we can then deal with them responsibly. Half of our problems are eminently solvable, if people would have the right information at their fingertips to convince them that a problem exists in the first place. You know what they say in AA. You must first admit there's a problem, before you can fix it.