PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: brutusdog who wrote (58860)	11/5/2000 10:40:05 AM
From: Joseph F. Hubel	of 769670

Eventually it might come to that, though I doubt it anytime soon. There are too many already in the system. These recipients require current weekly payroll tax to keep the funds flowing. Remember there is no SS account per se, it's money in, money out. In addition there will always be the "grasshoppers" in our society who will depend on largess from the "ants" That's a broad simplification I know and does not mention those unable to work and contribute, etc.. Under the current system with 2-3 workers providing funds for each recipient, it's nightmarish to think what might happen were this country to enter into a 1929 era depression. If unemployment reached the levels of those times there simply would not be sufficient revenue to pay claims, not to mention unemployment benefits. The US would have no choice but to take on monstrous deficit budgets to cover the short fall. I know, it can't happen? But it sure makes an argument for change. JFH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next