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The $44 Trillion Abyss « Thread Started on May 22, 2004, 11:

Daily newsbrief journal for May 2004, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


The $44 Trillion Abyss « Thread Started on May 22, 2004, 11:

Postby admin » Thu Jan 26, 2012 7:48 am

The $44 Trillion Abyss « Thread Started on May 22, 2004, 11:36pm »--------------------------------------------------------------------------------From: Harry Hope (rivrvu@ix.netcom.com)Subject: The $44 Trillion Abyss View this article only Newsgroups: talk.politics.misc, alt.politics.bush, alt.politics.liberalism, alt.fan.rush-limbaugh, alt.rush-limbaugh, alt.politics.gw-bush, alt.politicsDate: 2003-11-11 07:06:38 PST From Fortune Magazine, 11/10/03: http://www.fortune.com/fortune/investin ... 00.htmlThe $44 Trillion AbyssThe baby-boomers are about to retire, and it's going to cost us--big.Here's what the government doesn't want you to know.FORTUNE Monday, November 10, 2003By Anna BernasekLast fall Paul O'Neill, then Secretary of the Treasury, wanted asimple answer to a thorny question:How prepared was the nation today to pay all its future bills?Two government experts worked for months to calculate the answer.Their findings, which shocked even them, were never published--theBush administration made sure of that.The reason for the silence was that by the time the two researchershad completed their study, O'Neill had been thrown out of the Treasuryand replaced by the more politically astute John Snow.No savvy administration power player would dare point out, right inthe middle of tax-cut season, that there was a huge hole in thecountry's finances--a $44 trillion hole.
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