Tuesday, April 12, 2005

Maybe Monica Happened for a Reason

I came across this article :

In this news item I found the following passage:

"But as budget surplus projections grew on the back of a stock market bubble, Republican leaders wanted the money for across-the-board cuts inincome taxes."

Clinton never had the chance to do something about Social Security because of the Monica Lewinsky scandal that broke out, leading to his impeachment.

If Clinton and Congress had actually gotten something done with Social Security, theywould have done so with financial projections of a booming stock market.

As we all know, that stock market was a bubble waiting to burst,which it eventually did.

Where would we be now, how many retirees would be screwed, if we had made major changes based on stock market projections that we now know to be false?



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