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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (412600)	12/13/2010 1:43:58 PM
From: Real Man	1 Recommendation Read Replies (1) \| Respond to of 436258

Sure, but defaulting on SS/Medicare will only suck for you and me and the rest of America. It will be good for US Treasuries. It will be dubbed "austerity" no doubt. -g- Entitlements and National debt are two different pockets. Default on entitlements means less debt in the other pocket, direct national debt. Again, our government will most likely raise the retirement age and make that "I didn't do it" face, just like the governments in Western Europe are now doing. The justification will be that people now are living longer and healthier lives due to enormously improved health care, so they can as well work longer -g-