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Politics : Al Gore vs George Bush: the moderate's perspective
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To: American Spirit who wrote (2961)10/18/2000 12:15:21 AM
From: Hawkmoon  Read Replies (1) of 10042
 
You just don't get it do you??

Every surplus dollar that goes into the SS trust fund is immediately loaned to the Federal Government budget.

The Federal Government places an IOU in the form of T-Bills or NATIONAL DEBT.

The more money that is taken in as a surplus, the more money the SS trust fund has to invest in T-Bills, the more IOUs placed upon the backs of our descendants, and the bigger the government budget grows in order to spend that surplus.

BECAUSE THE GOVERNMENT HAS TO SPEND IT'S BUDGET EVERY YEAR AND MONEY BORROWED FROM THE SS TRUST IMMEDIATELY BECOMES PART OF THAT BUDGET. BORROWED SS TRUST FUND MONEY BECOMES PART OF THE NATIONAL DEBT.

THAT'S WHY THE MONEY MUST GO BACK TO THE PEOPLE AS A TAX CUT THAT CAN BE USED FOR PENSION AND PERSONAL INVESTMENT.

Because let's face facts people... Unless you grow this economy and continue to improve its ability to generate tax revenues, Uncle Sam is going to be running those printing presses overtime to pay out those entitlements they have promised the baby boomers.

Let people invest their own money for a personal pension plan... That way we can later on apply a means test for SS benefits in order to keep outlays to a minimum, and the poor retirees, who the system was originally created to assist, taken care of.

Remember that entitlements that are provided now will be exponentially increased as the baby boomers retire.

Keep that in mind as you all see Al Gore promise the world on the backs of our future generations.
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