QUOTE(underhi2p @ May 7 2005, 07:00 PM)
Come to Marxachusetts.
Orygun has been a quick study of Marxachusetts politics.
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Is my room ready?
YEAH EVERYBODY ... I think Under is telling me my room is ready!
QUOTE(FriendJudy @ May 7 2005, 07:04 PM)
Bee, you're still not getting it. In the last 10 years, we have DOUBLED all the debt we ran up in the previous 200 years. And more than half of it is owed to ourselves, in the form of the imaginary Social Security Trust Fund.
Try to think of it as a mortgage with a balloon payment due in 10 years, and ourselves with no hope in hell beyond, possibly, refinancing the debt. (That's what really underlies Bushie's plan, I suspect. The possibility of doing a re-fi under the guise of personal accounts.)
Problem is, we're already paying 11% and more of all our Federal spending just on INTEREST on that debt. And rising.
We're going to have to go through some sort of national bankrupcy, and decide with debts we're going to reaffirm and which we're gonna blow off.
But, in a lighter strain, remember when we were kids, and our mommies told us to eat our dinner, children were starving in China? Who'd a thunk we'd see the day that the US is getting international welfare from China, of all places?
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This is the spiel Tom Friedman uses. And he says now the mommies should be telling their kids that children in China are starving ....
for their jobs!As to those unfunded liabilities coming due, Oregon's for its PERS was 18
b-for-billion. Very few there (or here) seem to take that seriously, either.