PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: aknahow who wrote (129851)	3/1/2001 12:37:25 PM
From: Nadine Carroll	Read Replies (3) of 769667

Too bad Social Security is a political issue rather than a common sense issue. The current return on the taxes taken from workers is 2%. This type of return would get a financial advisor in trouble when the yield on U.S. Government Securities is over double that and even compounding is disregarded. This would be an excellent analogy if any Social Security "investments" existed -- I'd agree, let's start moving the money immediately. Unfortunately, the current system is pay-as-you-go (the surplus has been "borrowed" by the Treasury). So if taxpayers start owning their contributions, great! But who pays Grandma her check in the meantime? I'm still waiting for an answer to this difficult question. As far as I can see, Bush wants to use the projected surplus, the same one he proposes giving back in tax cuts. Even in Washington you can't spend the same money twice.

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