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Reply #7: "Emulate a plan that helped set the stage for Argentina's economic crisis" [View All]

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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-04 12:42 AM
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7. "Emulate a plan that helped set the stage for Argentina's economic crisis"
"One major reason for Argentina's rapid debt buildup in the 1990's was a pension reform involving a switch to individual accounts - a switch that President Carlos Menem, like President Bush, decided to finance with borrowing rather than taxes. So Mr. Bush intends to emulate a plan that helped set the stage for Argentina's economic crisis."

Borrow and spend Reich Wingers.
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