He’s Baaack

Ross Perot is back. Charts and all.

The spoiler of the 1992 election is on the web with a presentation of the national debt. He’s concerned that future budget deficits will grow out of control and that interest on the deficit will destroy our future.

Perot’s agenda is to focus on reforming Social Security and Medicare. He’s right that that’s where the money is. He thinks we need either to raise taxes or cut benefits.

Well I’ve got some news for old Ross: Bush tried that in ‘05. It didn’t work. And Republicans lost Congress in 2006, in part because actively voting Social Security recipients turned out to defeat the reformers.

Social Security is still the third rail of politics. Anyone who runs for office promising to change it is probably going to get killed.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By |2014-09-03T19:48:39+00:00June 20th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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