Senate Majority Leader Bill Frist (R-Tenn.), who advocates putting Social Security money into the stock market, has lost over $500,000 in the stock market. (The Chattanooga Times Free Press got the story first, and the Washington Post added to it this a.m.) This was money left over in 2000 from his successful Senate race, which he decided to "invest" in the stock market. Later he borrowed some $360,000 against this fund and now doesn't have enough to pay off the loan.
We guess this meshes well with the new Republican philosophy: "Deficits are God's gift to His chosen people."
Thursday, December 02, 2004
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment