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[richardf8]

After the Bush tax cuts have set deficits sprialling out of control, it seems the fed chief has come up with the perfect solution: Cut Social Security

This is essentially a Swiftian solution which would have us eat our elderly rather than our children. Anyone up for a side of Fed Chief with Fava Beans and a fine Chianti? He's 78 now, and has CLEARLY outlived his usefulness.

Comments

[visservoldemort.livejournal.com]

I'm rather amused that you mention this Rich, as I was just speaking about it with a friend when I looked onto my friends page. And before that, during my Federal Reserve Competition meeting at school, we were discussing how Greenspan commented that outsourcing may actually be a good phenomena. He may have a point on the outsourcing in the long term (though I highly doubt it, and in the short and medium term it throws millions out of work) but the social security matter is ridiculous. Raise taxes! It's not that hard a concept. And even should he have a point on these things, which I do not think he does, to say this during an election year? Oy! The man is not what I would call 'politically astute'.

[richardf8]

Or maybe, just maybe, he is so sickened by the effects of the tax cut that he is persuading Bush to adopt a platform plank of "Let Grandma eat Dog Food" to prevent his re-election.

[visservoldemort.livejournal.com]

I think that's giving him a bit too much credit for bloodthirsty long term thinking. Despite what my teacher advises us on how the judges in the Federal Reserve thing will question us, I still refuse to subscribe completely to the "Economists go for the jugular" concept. ;)

Besides, he did support the tax cuts, at least partially, and unless he's been planning on getting rid of Bush for a lot longer than previously thought...it's somewhat unlikely.

[richardf8]

He may have a point on the outsourcing in the long term.

In the long term, we are all dead.

[visservoldemort.livejournal.com]

*chuckles* True. Though we should still attempt to move globalization forward as best we can, even if it fails to come to it's pinnacle in our time. There has been much talk of Biotech replacing high-tech as America's specialization for the next decade or so. Another reason why the Administrations restrictions on Stem Cell research bother me. South Korea seems to have jumped ahead somewhat, while we've been dilly dallying.