http://www.msnbc.msn.com/id/6975923/
I mean you ask the man who knows the most about our financial structure, he straight to your face tells you in the long run private accounts make much more sense than the current pay as you go approach and this is all you can come up with?
Schumer on Tuesday gave a ?pre-buttal? of Greenspan?s Wednesday morning testimony. His message: Even though Greenspan ?is a tremendously respected figure and a great chairman of the Fed and he?s been my friend for a long time,? the public should not heed his advice on Social Security private accounts.
I can understand if the democrats would say this if Bush was saying this. But we are talking about Greenspan. A man who knows more about our system than anybody in congress possibly will.
Just shakes head in disbelief. If anything this will provide fuel for the repubs in 2006 when the man says something like this
The normally placid Greenspan rose almost to the threshold of passion as he made a class-based argument by contending that private accounts would allow low-income people to become mini-capitalists ? in his view, a very good thing.
?When you have assets which you own, which you can bequeath to your children, (assets) which have your name on them, I think it is highly desirable thing, because you give wealth to people in lower- and middle-income groups who have not had it before,? he told a clearly skeptical Sen. Charles Schumer, D-N.Y.
You cant ask for a better setup against a party who is supposed to be the champion of the lower amd middle income class of this country.
I should add my own opinion that I dont believe private accounts are the end all to this debate either. But to simply throw them out without even considering them, especially with Greenspan giving his opinion is just ideological childs play with the American people being the victim.
I dont usually start threads but I cant believe they just disregard his opinion and the facts that the system doesnt work just to deny Bush credit for changing this broken system.
I mean you ask the man who knows the most about our financial structure, he straight to your face tells you in the long run private accounts make much more sense than the current pay as you go approach and this is all you can come up with?
Schumer on Tuesday gave a ?pre-buttal? of Greenspan?s Wednesday morning testimony. His message: Even though Greenspan ?is a tremendously respected figure and a great chairman of the Fed and he?s been my friend for a long time,? the public should not heed his advice on Social Security private accounts.
I can understand if the democrats would say this if Bush was saying this. But we are talking about Greenspan. A man who knows more about our system than anybody in congress possibly will.
Just shakes head in disbelief. If anything this will provide fuel for the repubs in 2006 when the man says something like this
The normally placid Greenspan rose almost to the threshold of passion as he made a class-based argument by contending that private accounts would allow low-income people to become mini-capitalists ? in his view, a very good thing.
?When you have assets which you own, which you can bequeath to your children, (assets) which have your name on them, I think it is highly desirable thing, because you give wealth to people in lower- and middle-income groups who have not had it before,? he told a clearly skeptical Sen. Charles Schumer, D-N.Y.
You cant ask for a better setup against a party who is supposed to be the champion of the lower amd middle income class of this country.
I should add my own opinion that I dont believe private accounts are the end all to this debate either. But to simply throw them out without even considering them, especially with Greenspan giving his opinion is just ideological childs play with the American people being the victim.
I dont usually start threads but I cant believe they just disregard his opinion and the facts that the system doesnt work just to deny Bush credit for changing this broken system.
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