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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (107775)5/29/2007 3:17:31 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
Wayne,

Hopefully that's a rare USAToday article, where it is so economically illiterate that it makes the government quotes look good by comparison.

If the imaginary Social Security Trust Fund experiences a 28% shortfall in 2042, that is NOT a current debt, and there is nothing that can or should be done to prefund it. Taxes can be increased in 2042, borrowing can be increased in 2042, the payouts can be cut in 2042, or the payouts can be partially made with newly printed money.

Regards, Don



To: Freedom Fighter who wrote (107775)5/29/2007 9:58:35 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Bush has expanded the govt. far beyond the wet dreams of LBJ. Of course, he's using it to keep the riff raff down and help out the corporate/military industrial moguls, so it's o.k. Big Govt. has been used to suppress the citizenry throughout history. It is only questioned when its powers are used to improve the lot of the citizenry. Of course, it can't be questioned when we are being suppressed. <G>


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