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)
To: neverdem
Just consider what would happen if the gov't invested in the free market selectively. Possibly the worst outcome imaginable. Imagine congress being able buy controlling interest, RJ Reynolds of Phillip Moris and all other publicly traded tobacco companies and dismantle them. Then they move on to other politically incorrect industries. It's better that they don't have enough money to do any of that, or the retirement Ponzi scheme.
34 posted on
10/18/2003 8:49:15 PM PDT by
Orangedog
(Soccer-Moms are the biggest threat to your freedoms and the republic !)
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