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Saturday, October 30, 2004

Click Here For Treasury Secretary Snow: Government Will Use Pension Funds to Keep Going

NWV Exclusive -- Treasury Secretary Snow: Government Will Use Pension Funds to Keep Going: "Laurence Kotlikoff, Economics Chairman at Boston University, who has written abundantly on this subject, offers up a shocking response on how to close a $51 trillion dollar fiscal gap: 'To give you idea how big the problem is, you'd have to have an immediate and permanent 78 percent hike in the federal income tax.'

Today Treasury Secretary Snow is suspending payments to the federal employees pension fund to keep the government running. What will be done in a few short years to stop the big bubble from bursting? Voters might ask their Congressional representative before the November 2, 2004 elections. "

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