wrote in message
...
On Mon, 1 Feb 2010 20:11:25 -0800, "nom=de=plume"
wrote:

wrote in message
. ..
On Mon, 1 Feb 2010 10:27:25 -0800, "nom=de=plume"
wrote:

Never said they were the same. Deficit spending is needed sometimes.
Regulation is needed in the financial system for sure.


I think you need to be looking toward a time when we will be getting
the deficit under control and I don't see that in my lifetime.

If you look at where the deregulation of the financial system got
started you will see it was during the Clinton and Bush II
administrations.



The deficit or the debt? I think the deficit will improve, but probably
never be gone completely. That's not a terrible thing. The debt will
likely
always be around, but can be slowed.

The deficit is just what we are adding to the debt. They are not the
same thing but they are definitely related. The real problem is we
don't really have any way to attack the deficit because of
entitlements. Even when the economy was booming, Social Security was
going to be upside down in 2017, now it will be more like 2016 or
even 2015 because more people are taking it at 62 and not making as
much money before they do retire.
The whole idea of "cashing in the bonds" is ludicrous. That is just
more government borrowing that will show up on the deficit.
The actual money they collected is long gone.
Add to that Medicare that is already declining and will be upside down
in a year or two and you see how much trouble we are in..


Deregulation certainly continued with Reagan.

http://en.wikipedia.org/wiki/Reaganomics

There was really no major deregulation of the financial industry
there. The 1986 tax changes actually limited a lot of the silly things
the financial guys were doing because it closed a lot of the tax loop
holes. I know I have a real; estate partnership that was giving me
about $5,000 a year in write offs and still giving me a couple
thousand a year. The 86 tax bill made all of those write offs go away.
I still have it but it is not that sweet a deal. They offered to buy
me out awhile ago for some paltrily sum and I declined. Now I am in
business with Carl Ichan.
I own a tiny piece of Trump's casinos now. ;-)

They send be several hundred every quarter as a dividend.


The deficit _might_ be part of the debt, but not necessarily.

Your numbers for Medicare are way off.

Look again... lots of deregulation took place under Reagan. He promoted it,
pushed it.

Ugg... Trump.

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Nom=de=Plume