Trouble is coming !!!!

06.09.03, 20:40
Be wary of loaning money to your Uncle Sam.

Just ask Social Security, where the government has tapped the public nest
egg so deeply that they'll sink or swim together.
As this is written, Social Security (aka Sue) holds more than a trillion
dollars in IOUs from Uncle Sam (aka Sam). Social Security, still trusting
Uncle Sam, is currently telling its clients that its IOU collection (the
Social Security Trust fund) won't be exhausted until 2042.

The important date, however, isn't 2042. It's sometime between 2013 and
2018. That's when Social Security and Medicare will start to pay out more in
benefits than they collect in employment taxes. That's when Sue will go to
Sam and ask to redeem some IOUs.

Expect trouble.

moneycentral.msn.com/content/RetirementandWills/P60082.asp-------------------

Has G. Bush handled OUR MONEY well? Easy question. In my opinion NO!!!!!
Bill Clinton, hardly a wizard with a calculator, nevertheless managed four
surplusyears during his 8 years in the office.
Here comes Georgy-boy and what happens - we all know... We will have in fact
the biggest deficit in US history - $455 billion, in dollar terms, besting
the previous record of $290 billion. That was in 1992, when Bush senior had
the job.
Never let it be said that the son hasn't lived up to the accompishments of
the father.

    • Gość: wacko jacko Re: Trouble is coming !!!! IP: *.nyc.rr.com 06.09.03, 21:25
      What Bush or Clinton has in common with so called trust
      fund? Who spends money? Certainly not the president.
      Presiding over a good economy is rather a matter of
      personal luck. Nevertheless the president takes a credit
      or blame.
      Interesting thing is that federal government has taken
      huge amounts of mony in taxes from Enron and Worldcom
      based on profits which were nonexistant. I have'nt heard
      of any refunds for overpayment.
      • i.p.freely Re: Trouble is coming !!!! 06.09.03, 22:47
        Gość portalu: wacko jacko napisał(a):

        > What Bush or Clinton has in common with so called trust
        > fund? Who spends money? Certainly not the president.
        --------
        E-x-c-u-s-e meeee! Who signs the bills if not the pres?
        Who just signed another tax cut (which, by the way, could save Vice President
        D. Chaney $100,000) while increasing spending my friend (especially the war
        spending)? Is this how you would run your bank?

        > Presiding over a good economy is rather a matter of
        > personal luck. Nevertheless the president takes a credit
        > or blame.
        ----------
        His decisions make it better or worse economy

        > Interesting thing is that federal government has taken
        > huge amounts of mony in taxes from Enron and Worldcom
        > based on profits which were nonexistant.
        ------------

        Or did they? If I can remember well ENRON created those bogus partnerships to
        keep the money in - as to pay as little tax as possible and be able to get
        away with it. Not only that - how come ENRON was able to write 'ITS OWN ENERGY
        BILL'? Why do you think Kenny Lay was greasing Bush so much?

        > I have'nt heard
        > of any refunds for overpayment.
        -----------


        • Gość: wacko jacko Re: Trouble is coming !!!! IP: *.nyc.rr.com 06.09.03, 23:47
          I thought that you know something worthy discussing. All
          I see in your post is THE political left agenda of the left.

          Who passes the bills? I don't think you understand my
          point with enron and worldcom.

          What exactly did Clinton to the economy that it went up
          and what exactly did Bush that it went down? EXACTLY
          means no generalized statements.
          • i.p.freely Re: Trouble is coming !!!! 07.09.03, 00:15
            Gość portalu: wacko jacko napisał(a):

            > I thought that you know something worthy discussing. All
            > I see in your post is THE political left agenda of the left.
            -------

            My mind does not go to the "left" or to the "right" when it comes to making
            decisions about my finacial well-being. I would expect the same of my leaders.
            I can not spend more than I can afford otherwise I would be in bankruptcy
            court. Simple as that.
            But you see, I feel that our leaders are bankrupting us, going on spending
            sprees and giving themselves tax cuts at the same time. Spending sprees with
            money that is not there!!!! on the phony war that might turn out to be the
            biggest scandal in American politics. There is more that bothers me ...


            > Who passes the bills?
            --------
            And Who Signs It? Whose hands is the congress in?


            I don't think you understand my
            > point with enron and worldcom.
            --------

            I understand the word FRAUD.



            • Gość: wacko jacko Re: Trouble is coming !!!! IP: *.nyc.rr.com 07.09.03, 00:28
              Like I thought, you didn't get my point.

              Let me spell it for you. Both enron and worldcom were
              engaged in accounting gimmicks. In order to boost share
              price they formed the companies which absorbed the debt.
              Those companies were hidden for the purpose of showing
              great profits. These profits were taxed in all levels,
              federal, state and local.
              Since there were no profits, should the federal and state
              and local governments reimburse the money and spread it
              among shareholders to cover their losses? Vast majority
              of whom are little guys like me.

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