"Mike in Mystic" wrote in message news:b_m1c.30694
SNIP

One other statistic I read recently but can't find the source is that the
ratio of national debt to GDP is about 30% at this time. Using the latest
CBO report for estimates, by 2050 the ratio will be about 200%
(debt:GDP)!!!! Basically, this says that we're running an unsustainable
model and have no choice but to increase the income:costs ratio
substationally. I think Greenspan's suggestion to cut social security and
increase the retirement age is by far the most sensible approach. If the
tax and spend Democrats get their way we'll be living in a socialist state
and have a 50% tax rate. God help us.

Mike

As a long time Republican who will for lack of a better choice vote
for GWB this fall, I must say I would rather have "tax and spend" than
the current "don't tax but still spend". The best would be a "tax
until it hurts and still don't spend until that hurts too" until ALL
the national debt was paid off. I detest the fact that my two little
grandsons (as well as hoped for other grandkids and their progeny)
will have to pay for things that my generation bought and consumed. We
have no pride or self respect in leaving debt to our kids, grandkids
and future generations. I detest that Bush is spending at a deficit
but the Democrats just gave me the choice of him or the most liberal
Democrat in the Senate. Where is Ross when we need him

Dave Hall