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

To: TideGlider who wrote (749135)	10/24/2013 1:18:40 PM
From: FJB	Read Replies (1) \| Respond to of 1573988

Biderman Blasts Barack Obama's Biggest Of The Big Lies Submitted by Tyler Durden on 10/24/2013 - 12:51 "Inherent in the nature of government itself is the fact that it is incapable of effectively providing services," Biderman blasts, noting that "by 'effective', he means dollars and hours." The TrimTabs CEO is breathless in his beration of "the biggest of the big lies," that continues to be believed by most of America ("given their re-election of Barack Obama" he adds), that government can effectively provide services. The reality is "governments are not capable of getting anything done cost-effectively," and Biderman, focused on Obamacare as a recent example, concludes "its all FUBAR."

To: TideGlider who wrote (749135)	10/24/2013 1:20:13 PM
From: i-node	Read Replies (1) \| Respond to of 1573988

>> In the future, when it comes time to start drawing on the collected surplus, the government will pay itself back through tax revenue (or additional borrowing). It was a fundamental mistake with the program, from the outset, to assume that US Govt debt would always be the best investment vehicle. GWB tried to begin changing that and even his own party wouldn't hear of it because of the political drubbing they would have taken. And the Dems were livid, claiming it was some kind of "Wall Street Payoff." The reality was that it was a sound approach to solving the problem. Today, US Government debt isn't worth a damn, regardless of what S&P and others say. There is no way all these commitments are going to be met and everyone knows it.