To: SAJ
You're two administrations too late. LBJ's insistence on prosecuting the Vietnam war WITHOUT a corresponding tax increase
Didn't he also open up ths social security funds to the general accounts to pay for the escalation?
26 posted on
10/18/2003 3:48:22 PM PDT by
BabsC
To: BabsC
"Didn't he also open up ths social security funds to the general accounts to pay for the escalation?"
He most certainly did so. And currently the gov't can do nothing more than invest those funds in Treasury IOUs, lest they influence the market.
Just consider what would happen if the gov't invested in the free market selectively.
30 posted on
10/18/2003 6:21:23 PM PDT by
neverdem
(Say a prayer for New York both for it's lefty statism and the probability the city will be hit again)
To: BabsC
"Didn't he also open up ths social security funds to the general accounts to pay for the escalation?"
He most certainly did so. And currently the gov't can do nothing more than invest those funds in Treasury IOUs, lest they influence the market.
Just consider what would happen if the gov't invested in the free market selectively.
31 posted on
10/18/2003 6:29:59 PM PDT by
neverdem
(Say a prayer for New York both for it's lefty statism and the probability the city will be hit again)
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