Posted on 04/12/2005 9:07:08 AM PDT by CHARLITE
What a maroon.
Just more residue from the Clinton "If It Feels Good, Do It" era.
Which, at the end of the day, would do nothing more than delivery the same inflation-adjusted Social Security benefit than before the presses started running.
It's a stupid idea on its face, but mark my words, if the system ever goes insolvent, that's how it will be fixed. Inflation is a tax on every person who holds money. The average shmuck won't have a clue why the value of his currency is falling, and he'll demand price controls, which will lead to shortages.
Now there's a good idea. </sarcasm>
This has got to prove that the Dims are not only that, DIM, but desperate as well. Why don't we just pass a law stating that all Americans must buy ONLY Chinese products and make American ones illegal? How's about that one Johnny?
Best idea ever for your ping list!
"trust fund": just more double-speak/duck-talk from the people who gave us the term "payroll premiums". (Clintonese for another income tax)
Who do these byrds think they're kidding?
How can Social Security ever become more insolvent than the rest of the Government? It can always do what the rest of the Government is doing now - just borrow money.
"Deficits don't matter." ;-)
Precisely! As a gold investor, I should love this guy!
btw, my little gold play got absorbed by a bigger, and better financed gold mining company.
Check it out --- http://www.americanbonanza.com/
Another Rat just proved how stupid they are.
and maybe he thinks the minimum wage should be $100,000 annually?
crikey!
Didn't someone just post that Chafee was the dumbest Senator?
This thread may change a few minds.
Unbelievable! The silver content in the coinage is small compared to the 60s. Now the idea is to print more paper money. Sheesh!
No way! Boxer is the dumbest!
No, wait! Patty Murray is dumber than dirt!
No, wait! Corzine the Child Molester.
Sigh, so many candidates.
Senator Jon Corzine (D., N.J.) called the president's remarks misleading. In a conference call with journalists, Corzine said: "U.S. Treasury securities have the ability to be paid under any circumstances based on the ability of the government to print money." While Corzine's press secretary denies this comment was a concrete proposal, at this writing, the senator proudly highlights this quote on the front page of his website.
***
"It's never advisable to print too much money," Friedman warns, due to ensuing inflation. "That's a different form of taxation. It's a hidden form of taxation, but it's taxation nonetheless."
For the candybar I paid a nickle for as a kid, takes a dollar today. Any dollar held across that time has been eroded to nil value by that invisible tax.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
And when your dollar is worth 20 cents, Hillary will say that the poor need it and all you workers owe it to them.
The Democrats are worried. They need the SS funds for their giveaways. There are never SS funds stacked. The only thing stacked is a bunch of IOU's. It's the old "rob Peter to pay Paul" routine.
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