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The case of the missing crisis

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 05:01 PM
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The case of the missing crisis
http://www.yubanet.com/artman/publish/usa.shtml#17506

It is has been dubbed "the fake crisis" by its critics, and there are many. Since re-election, the Bush administration has been aggressively arguing that the social security system, which pays cheques to America's elderly, is facing insolvency.

President George Bush insists the system is in need of dramatic reform if it is to avoid going broke. At the heart of his solution is partial privatisation; allowing individuals to divert tax dollars into personal accounts that would be invested in the stock market and carry the attendant risks and rewards.

It would be the most radical reform of social security since the New Deal came into being 70 years ago and, as one commentator has noted, do more to dismantle the programme than any of Mr Bush's Republican predecessors managed to achieve.

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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 05:07 PM
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1. Fake 'CRISIS' absolutely wrong fix Let aWoL put his retirement in ENRON
Edited on Thu Jan-27-05 05:08 PM by Vincardog
stock tell him to leave my retirement INSURANCE alone
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pinerow Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 05:14 PM
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2. Same tactic used in the run-up to the Iraq war...
we cannot underestmate the effectiveness of this strategy...!!
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 05:38 PM
Response to Reply #2
3. you are right--but seems people are a bit leary this time around
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