> Robert wrote: > > Ultimately the trade U.S. trade deficit will be corrected only after the > Chinese float > If the the US is in a better position than the EU, why isn't the EU also dependant on Chinese pegging to the dollar? I think that that if the Yuan floats the EU will instantly spring since they are paying a large price for the Chinese peg themselves.
Whatever the case, anyone who says they KNOW that the EU is in a better position or the US is in a better position doesn't know anything. Global economics is not an exact science so who knows? I think we can say that the US has an extremely liberal, possibly irresponsible, spending policy, compared to the EU's more conservative approach. > It is hardly a gimmick. Personal accounts create a sense of ownership How does a "sense of ownership" put money in the bank? It doesn't, and most experts have said that. Mr. Greenspan favors it because he is a closet Bush supporter. I think the numbers are something like this: in 8 years of Clinton, Mr. Greenspan visited the Whitehouse 8 times. In the first year of Bush Mr. Greenspan visted the Whitehouse 32 times. However, Mr. Greenspan has discovered the same thing that everyone else who's been watching has: Mr. Bush uses Reagan-like rhetoric to cover up Rockefeller-like policies. Mr. Greenspan's support for private accounts is hardly an endorsement for Mr. Bush's policy as the best policy, just the best of Mr. Greenspan's choices: Mr. Bush's suggestion or nothing. But back to your original point: you think that when the gov't takes your money and tells you how to manage it, you get a sense of ownership? I get a sense of anger! I want my money back since I can handle it much better than the gov't. I say dismantle Social Security and stop taking my money! Further, let's call "Social Security" what it is: welfare for those too lazy or stupid to properly save in the first place. Any taxpayer that doesn't favor handling his/her own money as they see fit, as opposed to the federal gov't doing it, is a fiscal socialist. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:147691 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
