To: Uncle Bill
Thanks for a posting worth bookmarking. :-)
To: Uncle Bill
This "total debt" is more than three times the size of the nation's total output in 2001, and amounts to $116,381 for every man, woman and child in America. Good luck collecting it, Uncle Sam.
You can't squeeze blood out of a turnip.
I can't seem to find a good looking investment trend now that the medical sector is falling apart.
Are there any publicly traded collection agencies on the stock market?
6 posted on
07/15/2002 10:35:48 PM PDT by
Once-Ler
To: Uncle Bill
The accrued obligations of both Social Security and Medicare are significant. How will these debts be paid? By 2017, payroll tax revenues collected from workers will not be enough to pay full benefits. Thus, the tax rate needed to support Social Security and Medicare will necessarily grow continuously into the future. Today the payroll tax rate for Social Security retirement and disability insurance is 12.4 percent.Brilliant - though they don't say it outright, this screams "THERE'S NO SOCIAL SECURITY TRUST FUND!"
To: Uncle Bill
So much for tax cuts. I wonder where Congress is going to sneak in these tax increases? Congress has some nerve investigating ENRON, WorldCom, Andersen, and others without taking a hard look at themselves. This is a fault of Congress not Bush. Thank you Congress for handing Bush a nightmare like this.
To: Uncle Bill
How about another bump? BTTT!!!!!!!
25 posted on
07/19/2002 9:09:05 PM PDT by
eazdzit
To: Uncle Bill
bump
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