reply to post by jefwane
Well like you said Bernake did looked kind of smug before answering, then later on, another senator made the comment on the baby boomer's and their
retirement, that entitle SS and the possibility that money will be scarce as the economic crisis prolong.
On that one it seems that mention of Timothy Geithner's plan will address more into that, as we know Timothy Geithner never actually told the public
or congress what the plan he has been working on is all about.
Now this are rumors as my sources are hear say
Timothy Geithner's plan will be about how to bring more tax money into the treasury and that will be in the form of taxes so far only capital gains
taxes and retirement accounts taxes were hinted but also the possibility of tax ing about anything.
Now is also the possibility that as the nation gets strap for money the privatization of SS will come once again on the table.
Back during the 2004 presidential campaign of Bush he lobbied for privatization, but is something that many didn't know and that is that China was
going to be one of the countries to be in line to take advantage of that.
As usual this was kept on close doors and nothing came out as people didn't like the idea of having their social security privatized.
Now, Hillary was in China and we all know that she was just doing the begging for China to buy our debt, what if part of the deal with China is the
promise of hint that SS will become for privatization on the table again and China will have first choice?
I know, I know is noting more than a conspiracy and hear say and nothing more than speculation from my part.
But just the bringing out of SS on the hearings today and the problems with baby boomings retirement kind of make you think about what is going on
behind our backs.
It nothing happen oh, well nothing happen, but this will be something else to think about anyway.
After all Timothy Geithner has not come yet to talk about his plan.
Obama plans to lower the deficitis like Clinton did, with taxes, he already is planning to let the Bush taxes cuts to
[edit on 24-2-2009 by marg6043]