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Republican Senators And Rep.s Say Bush Lied..
Topic Started: Feb 17 2005, 09:23 PM (185 Views)
cruiser
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The question that I have is, if the government will not invest SS funds in the market why will they allow us to do so?
Men never do evil so completely and cheerfully as when they do it from a religious conviction.

Blaise Pascal (1623 - 1662)
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cmoehle
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Chris - San Antonio TX
That's always been the rule so government can borrow from the funds, leaving IOUs behind. Once funds go to private accounts they cannot be touched by goernment. That alone makes it a worthwhile plan. Starve the beast.
Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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BuddyIAm
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THAT’S A PIPE DREAM

Bush and his liberal buddies will go straight to marketable bonds.

Privatization will not stop borrowing..

In order for borrowing to have to stop

Borrowing has to stop.
"The truth lies in a man's dreams... perhaps in this unhappy world of ours whose madness is better than a foolish sanity."
"Facts are stupid things." - Ronald Regan
"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin
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cmoehle
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Chris - San Antonio TX
How will they borrow against my private investment. I own it, won't lend it.
Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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BuddyIAm
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Are you going to keep your money in a mattress?

They will have to borrow from financial firms.

Even if they don’t borrow from your bank. They’ll borrow from your mortgage company.

Interest rates will sore.

The stock market will fail

That’s why Greenspan said..

'And if we were to go forward in a large way and we were wrong, it would be creating more difficulties than I would imagine." [Wall Street Journal, 02/17/05]
"The truth lies in a man's dreams... perhaps in this unhappy world of ours whose madness is better than a foolish sanity."
"Facts are stupid things." - Ronald Regan
"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin
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cmoehle
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Chris - San Antonio TX
No, I invest a lot of it.

Government can borrow only so long as its credit is good. And ours, with trade and domestic deficits soaring, is falling fast.

Greenspan said proceed not in a large lunging way but gradually, cautiously, so as to not upset the market, but proceed nonetheless.

Do you note how my paraphrase includes both his pessimism and his optimism while yours only his pesimism?
Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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brewster
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cmoehle
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Chris - San Antonio TX
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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BuddyIAm
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Chris

Greenspan endorsed absolutely NOTHING WITH OUT A PAYGO QUALIFICATION.

You and none of the Bush liberal spending press AND FINANCIAL firms. Mention that...

Bush's privatization will absolutely cost more than 1 trillion.

Greenspan said that was an unacceptable amount and it could cause, as I quoted above, unimaginable problems.

No one mentions this qualification.

WITH THIS QUALIFICATION. IT IS AN ABSOLUTE CONDEMNATION OF THE PRIVATIZATION PLAN. And he would not advise America to proceed with the privatization plan. ..

Greenspan said SS was not in a Crises.

But that the deficit and Medicare were.

No one mentions that..

You have moved all the shiny apples to the top of the rotten barrel Chris..

But you can not hide the stench..
"The truth lies in a man's dreams... perhaps in this unhappy world of ours whose madness is better than a foolish sanity."
"Facts are stupid things." - Ronald Regan
"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin
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cmoehle
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Chris - San Antonio TX
Gary "Greenspan said that was an unacceptable amount and it could cause, as I quoted above, unimaginable problems.

No one mentions this qualification. "

Oh, but I most certainly did. Must I repeat? "Greenspan said proceed not in a large lunging way but gradually, cautiously, so as to not upset the market, but proceed nonetheless."

Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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BuddyIAm
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Chris

By Greenspan’s definition you can not go forward in a slow safe way..

Greenspan’s definition is as follows:

Greenspan says he would support a Paygo conforming, forced savings plan, that cost less than 1 trillion dollars.


Bush's privatization will absolutely cost more than 1 trillion.

Greenspan said that 1 trillion was an unacceptable amount and it could cause, as I quoted above, unimaginable problems.

2 trillion, a more likely figure. Would be a absolute disaster..

Everyone quotes Greenspan as endorsing Bush’s Tax cuts.

EVEN THOUGH HE CLEARLY STATED YESTERDAY THAT HE NEVER SUPPORTED BUSH 2001 TAX CUTS..

BECAUSE THEY DID NOT CONFORM WITH PAYGO..

GREENSPAN DOES NOT SUPPORT ANYTHING THAT DOES NOT CONFORM TO PAYGO


PERIOD....

Greenspan means exactly what he say’s.
"The truth lies in a man's dreams... perhaps in this unhappy world of ours whose madness is better than a foolish sanity."
"Facts are stupid things." - Ronald Regan
"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin
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cmoehle
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Chris - San Antonio TX
Greenspan comments spark fresh debate on private social security accounts

"My major concern is that the current model, which served us so well for so many decades, is not the type of model we would certainly construct from scratch," he said Thursday.

"We have to move in a different direction ... One of the reasons that I think we have to move towards a private individual account system is they, by their nature, tend to be significantly fully funded, even if they are defined contribution plans."

"How the markets interpret it is really the important issue," and could move interest rates higher or lower depending on their reaction to any new plan, he said.

"My caution here is based on not knowing, and not knowing how to know, in advance, how markets will respond," Greenspan said. "If we were to go forward in a large way, and we were wrong, it would be creating more difficulties than I would imagine," Greenspan said.

Economist Joel Naroff said Greenspan is well aware of the politics of the issue.

"He supports privatization, but thinks it has to proceed slowly, cannot add greatly to the debt and has to create more savings," Naroff said. "On those points, the current proposal comes up short. So he gave something to both the president and the Democrats."

Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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cmoehle
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Chris - San Antonio TX
Greenspan: Accounts good for economy


"The central core of productivity increase is capital investment. And to have capital investment, you need to have savings," he said.

"We have been utterly unable in the pay-as-you-go system to create the necessary savings to finance the capital investment that we're going to need for the future to create the goods and services that retirees are going to need," he said.

Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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cmoehle
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Chris - San Antonio TX
Bush hails Greenspan stance on private accounts

"If you are going to move to private accounts, which I approve of, I think you have to do it in a cautious and gradual way," he said in testimony before the Senate Banking Committee. Pressed on the issue Thursday before the House Financial Services Committee, Greenspan repeated that the market reaction would be difficult to gauge

"We are not sure to what extent and how much the market will respond," he added.


Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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BuddyIAm
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Chris


He supports privatization, but thinks it has to proceed slowly, cannot add greatly to the debt and has to create more savings," Naroff said. "On those points, the current proposal comes up short. So he gave something to both the president and the Democrats."


Buddy says:

1. Greeenspan clearly stated that privatization WILL NOT ADD TO SAVINGS...

2. It will ad to much debt..

Chris just as he said yesterday that he never approved of the 2001 bush tax cuts. Because they did not conform to Paygo..

(If you watched those hearings. He specifically said the cuts were a great idea. If they met Paygo)..


He said yesterday.

It’s a great idea.


But it won’t work. Under my conditions.

I CAN NOT APPROVE OF IT..
"The truth lies in a man's dreams... perhaps in this unhappy world of ours whose madness is better than a foolish sanity."
"Facts are stupid things." - Ronald Regan
"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin
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