Putin's wisdom, was GWB at it again..
- ... another Slovak interview re the Blava Summit yesterday, this time with
Putin and in flawless Russian, to a careful question about human rights,
Putin said that big Western democracies also have problems in this area, and
that he doesn't go around picking on it... Hmm, wonder what he'll say to GWB
when he does his little private talk (if the does...)
- On Monday, February 28, 2005, at 08:27 AM, Michael Grant wrote:
> On Feb 27, 2005, at 9:40 PM, James Kirchner wrote:No, come to think of it, you didn't say it was good. Sorry for the
> > Beyond that, you're going to have to explain to me why a society-wide
> > flow-through redistribution scheme is good.
> Why would I have to do that--did I say it was good?
> I was just pointingThat is if they don't tailor the plan in such a way as to provide for
> out that those who complain about the poor "return" they're getting on
> their SS "investment" are implicitly leaving two generations of seniors
> in the lurch.
the seniors and the very poor while the thing is being fully
privatized. They're going to have to. Once you've got a Ponzi scheme
going, it's hard to call it off without a lot of people suffering.
> My personal view is that SS should probably be cut back and turned intoI agree with you there. But it sounds to me as if Bush really is
> a pure anti-poverty program to provide a minimum decent level of
> sustenance for those who need it. Everyone else probably *can* do
> better with real private-sector investments, not pseudo-private
> "individual accounts" in a gummint system.
proposing really private individual accounts but under intense gummint
scrutiny. I just hope the scrutiny is intense enough and that no one
throws a wrench into it. We've already had that bad savings & loan
failure, in which, contrary to what some claim, the banking regulations
were in place to prevent catastrophe, but certain people in Congress
threatened the inspectors and prevented them from enforcing the
regulations. Account holders lost a lot of their savings, and those
Congressmen merely got written reprimands.
[Non-text portions of this message have been removed]