Gross criticizes Social Security Plan
Well, well, well...the little leader's Social Security plan is debunked by Wall Street official. Looks like the legacy this regime wants won't come from this scam.
NEW YORK (CNN/Money) - Bill Gross, manager of the world's largest bond fund, is criticizing President Bush's plan to privatize part of Social Security.
Gross, managing director at Pimco, called the argument about the solvency of Social Security "silly" and said it was an example of the president not focusing on more important issues, such as the budget deficit.
The president's argument for individual Social Security accounts is meant "to promote an agenda that has little to do with seniors and more to do with Bush, his ownership society, and ultimately his domestic legacy alongside the likes of Ronald Reagan and FDR," Gross wrote in comments posted on Pimco's Web site. More>>>
posted by Union Patriot @ 3:14 PM
2 Comments
2 Comments:
Did you read his statements?? It says where they are posted.
The current system will work and many economists on both sides point to the tax cut for the rich as the problem. Never fix something if it isn't broke....maintain it.
If you were to go into the financial history of george you will find everything he has attempted was rendered completely broke...this will be no different. So, what do we do??
Leave it alone and shore it up for the future...exactly what Bill Clinton tried to do but, the republicans would have no part of. Now, the republicans use some lame 'crisis' as a means to free up money to propagate future wars.....that is the bottom line. They need more money to fund their terror organization...the PNAC.
There is a ton of reading to do on this...I have been all over this for 3 years. You need to understand the PNAC...everything will become clearer...and, it's in their own words which, makes the implications less biased. They want total global domination in 20 years but, they have a bad habit of ruining economies so...they need to find the money. The Social Security trust is a good place to start.
But, RR...you really need to read the PNAC....
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