GREENSPAN SUPPORTS PRIVATE ACCOUNTS

I LOVE THIS!!! Federal Reserve Chairman Alan Greenspan, the most bipartisanly respected person on economic matters in the government, testified to Congress that using Social Security taxes to fund private accounts is a GOOD THING! Of course, the mainstream media has emphasized his caution to do it slowly, and concern about the debt it will incur. His actual testimony hit on all the notes that Pres. Bush hits: fostering "ownership"; being able to pass the whole thing on to your survivors; the better rate of return than the current system. He said one line that I find the perfect rebuttal to two frquent Democrat talking points: "It's risky to do nothing". This beats the Dems arguments that Soc. Sec. is not in crisis and that the stock market and other private investments are risky. After so many years of the Dems twisting his usually cryptic remarks to their advantage, I don't see them getting around the thrust of his remarks this time. The Republicans will be quoting him and using tape of him in their promotion of this sensible policy! Write your representatives and tell them you want a personal savings account!

Comments

Post a Comment

Popular posts from this blog

The Biden Record, and the Democrats Who Supported It, Pt. 4: How Biden Blew Up the Economy With Inflation

   The US economy is in chaos. This is not "spin," or "opinion," but a fact. Some people aren't feeling it as hard as others, because they were well-off before the inflation started. Unfortunately, the worst is yet to come, and it will affect those "well-off" people, to a greater degree than it does currently, as the recession sets in. It also will present a crisis for government, as the interest rates for the chronic borrowing that sustains all of their largesse double, triple, or even quadruple. How did we get here, after what was shaping up as a robust recovery from the pandemic response inspired recession?    When Pres. Biden was elected, almost every policy that had been in place was reversed. We've looked at the disatrous results of this on the southern border , but what's happened to our economy has impacted many more Americans. It started out on day one, when Biden killed the KeystoneXL pipeline, followed by freezing new federal leases
Read more

HATE FROM THE MOUTHS OF CHILDREN: AUTUM (AUTUMN?) ASHANTE AND THE GAEDE TWINS

Image
AUTUM ASHANTE LAMB AND LYNX GAEDE I hate to have to write this, but it has to be written. Beautiful children's minds are being corrupted with racial hatred, and their parents are profiting from it. The Gaede twins have a pop band, and Miss Ashante is a poetic prodigy. The parents promote their children's careers. These young girls are the true victims of racism, because they are predestined to continue this cycle of hate. Autum Ashante (-or is it spelled Autumn Ashante ?) is a 7-year old child, home-schooled by her parents (according to the NY POST -free registration required- see below for more on this). I heard it reported on MSNBC that they are members of the Nation of Islam, but I can't confirm that elsewhere. This young lady gave a recital of her poem, "White Nationalism Put U in Bondage." Some excerpts: "Black lands taken from your hands, by vampires with no remorse."..."They took the gold, the wisdom and all the storytellers. They took th
Read more

The Biden Debacle Part II

  In my previous post, I wrote about Pres. Biden's disastrous policy at the border, as well as it's impact on the spread of COVID. I also noted his false promise of bipartisanship, and embrace of the far left agenda. This post will deal with some of that agenda, including it's impact on the economy, law enforcement, race relations, education and the military. They're all interconnected in no small way, and Pres. Biden is making a mess of them all. With the left wing ascendant in his own party, he has found it easier to go along with them, rather than work with Republicans, even when they propose policies that a majority of Democrats support. The economy was recovering before Biden assumed office, and yet he continues to push a long wish list of leftist policies in the name of "recovery." The extension of unemployment benefits is a good example of how they can backfire. While he denies that the extra payments were keeping people from returning to work, the sta
Read more