It isn't about what I want, it's about what is going to happen. We're running out of time to do something. Sooner or later the bond markets will decide our fate for us. We don't even have to default. If interest rates on our debt rise so high we can't borrow, China will be telling us what to do and when to do it. It could happen in this decade. Admiral Mike Mullen said in a speech that he considered the national debt the greatest single threat to US security.
On Sun, Jan 30, 2011 at 10:28 PM, Maureen <mamamaur...@gmail.com> wrote: > > Bush was told by Greenspan and Paul O'Neil early in his term that this > would happen if Social Security wasn't fixed. He elected instead to > give massive tax rebates to increase his popularly, then after 9/11 to > start wars we couldn't afford. End the wars, reduce the tax cuts and > repay the Social Security fund, and this problem goes away. I > suspect, however, that you would not agree with those solutions. You > want to stop paying Social Security to the elderly, in spite of the > fact they they paid into it and are promised the benefits. > > On Sun, Jan 30, 2011 at 7:45 PM, Robert Munn <cfmuns...@gmail.com> wrote: > > > > and bits of the CBO report as well. the assumptions in the document are > > skewed to make things look as good as possible, the truth is much worse. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:333816 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
