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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (31449)	2/1/1999 2:39:00 PM
From: Les H	Respond to of 67261

He's spending 38% of the "projected" surplus. The surplus will likely be smaller since a recession is not factored in and if Asia recovers, inflation and interest rates will recover. There was already a bipartisan committee on entitlements in 1993-1994. Clinton and Congress didn't like the choices. Higher taxes and lower benefits are inevitable. His U.S.A. savings "plan" is a non-starter. It allows some people to get money from government for doing nothing and insulates them from benefit cuts and FICA tax hikes other people would have to endure.

To: Lizzie Tudor who wrote (31449)	2/1/1999 3:03:00 PM
From: DMaA	Respond to of 67261

My post was an exercise in trying to understand what the proposals are myself. If you don't use the SS over collections to buy assets ( terrible idea )it seems the only thing left is to pay down the debt ( or fill up a giant Schrooge McDuck vault with dollar bills ). Or I might be missing something. The goal of any strategy should be to encourage growth in the economy. If 2 people could become as productive as 3.5 people are today, the problem is solved. 3% a year ain't going to do it though. I personally think lowering tax rates, reduce the regulatory burden, and generally getting government out of the way, is the best way to grow the economy.