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: Hawkmoon who wrote (8315)	12/3/2000 11:59:20 PM
From: Nadine Carroll	Read Replies (1) of 10042

. And Gore passes the buck on to future generations, while Bush is at least willing to convert a government entitlement program into a program where individuals possess individual assets that they own and can leave to their heirs. I agree with you that SS is currently a ponzi scheme, and that Gore demagogued it for all it's worth. But Bush's scheme doesn't bear close examination either -- he's going to privatize part of this non-existent SS surplus to fund our 'private accounts'. We have no private accounts; the system is pay-as-you-go. He never explained who was going to pay Grandma while all this money is being diverted to Wall St, eager to take their cut of the transactions. He thought there would be plenty left over for a trillion dollar tax cut. I suspect the 50% fall of the Nasdaq has reminded a lot of people that stocks don't move in one direction only. I think this privatization idea is dead in the water.

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