Re: Peter Peterson on the economic crisis

Sarah wrote:

> ...
> PETER PETERSON: And it's off the books. We don't even talk about it.
> So that's a gross understatement of the amount of liabilities that we
> now have. ...................***********
>
> You see the problem I have with this lack of truth-telling is that the
> American people keep getting told the trust fund is going to keep this
> thing solvent till 2037. Why should we expect them to get worried
> about this problem or concerned about it? So, somebody has to stand up
> and explain to them the magnitude of this fiscal crisis that's about
> to hit us. That's all.

Makes ENRON seem like very small potatoes in the cooked books 
department. Doesn't it?

http://1marketsquare.com/CapLP/Environment.shtml
http://1marketsquare.com/CapLP/Social%20Security.shtml
http://1marketsquare.com/CapLP/Health%20Care.shtml
http://1marketsquare.com/CapLP/Drugs.shtm
http://1marketsquare.com/CapLP/Education.shtml
http://1marketsquare.com/CapLP/Poverty.shtml
http://1marketsquare.com/CapLP/ExampleTOC.shtml
and more

Dollars in the common treasury are like fish in the common sea - anyone 
who can will harvest to extinction. That is why socialism is 
fundamentally corrupting and can not work.   


>