Al Gore vs George Bush: the moderate's perspective Message Board

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Politics : Al Gore vs George Bush: the moderate's perspective

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To: Lane3 who wrote (5192)	11/8/2000 4:31:22 PM
From: Hawkmoon	Read Replies (2) of 10042

Social security is unsound in concept--a Federal Ponzi scheme. Indeed. However, I personally feels it still has a VITAL ROLE in providing a necessary safety net for the destitute, disabled, or temporarily needy, as well as for those current social security recipients. But I think we all know that within 20 years there will have to be legislation that "means tests" SS benefits, leaving the middle income folks with reduced benefits to supplement their private pensions, and eliminating those who have sufficient means to retire on their own wealth (or that of their relatives). But I disagree about their not screwing things up under gridlock. Things are ALREADY screwed up, and unless changes are made to put that surplus back in the hands of taxpayers and invested instead in private IRAs, we're going to see a national debt that is easily double, if not triple what exists now. Fortunately, Bush's social security reform program was originally based on a bi-partisan plan which may have the support of both sides over the coming year. But if Gore wins, I doubt it will see the light of day and 4 years will be lost. Regards, Ron

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