"DSK" wrote in message
...
Jeff Rigby wrote:
You missed the point dude,

No, I didn't. But it's obvious that you know NOTHING about macro
economics... my bad, you've written as if you have some sense at other
times. Maybe it's more that you refuse to learn.

... The money is not there if Bush has to borrow dollars to finance the
private accounts.


Horse hockey. The money was borrowed from hundreds of years back. Why
should it change overnight?

... IF it was there then he wouldn't have to borrow the money.


Is this an excuse for President Bush to spend like a drunken sailor on
everything *else*?

For one department of the federal government to come up with the money to
redeem the Treasury notes another has to borrow money by issuing more
treasury notes. You try to do that and you will go to jail, it's called
floating a check.

Gee, I never realized that gov'ts have to follow the same rules as people.

You can't print my own money either, or declare war and start killing
people, or bury spent plutonium & medical hazardous waste your my back
yard, etc etc etc.

DSK

Then he doesn't have to borrow the money and your statement was in
error????? If the money is there he doesn't to have to borrow it! You
can't have it both ways. We are talking practical here not the Orwellian
logic that is so often practiced (double think) by those in the federal
government.

The SS fund has a surplus, more money coming in than is being spent on SS.
This money can't be used for the Bush SS plan because it's being spent to
finance other areas of the Federal government. Not only is the money not
there but extra money coming into the SS system is already spent!

Beware the most vocal in criticizing Bush's plan for they have eyes on the
SS money and want to spend it on their pet projects. This includes
Republicans as well as Democrats.

The deficit spendinginflation/sliding scale income tax system that was
started in the 60's breaks down if congress reduces the tax rates or if we
don't have inflation above interest rates that are paid by treasury notes.
This is what we have had for the last 7 years. THEN we have to rely on GDP
growing at a astronomical rate to balance the budget. The Republicans are
overly optimistic about the latter and refuse to continue the previous
system started by the Democrats in the 60's (Johnson). Eventually either
they have to reduce the size of the federal government (republicans talk
this but don't carry thru), or raise taxes. This will be the true test of
their resolve.