OT re SS:
Agree.
The "assets" held by Social Security, are just a lien on the income of future taxpayers. Since those taxpayers aren't born yet, they can't vote. But current retirees do vote, so they get listened to. Unfortunately, it can't be fixed now, without a lot of pain. Fixing it would require a level of honesty, and willingness to endure short-term pain for longterm benefits, that our political system is incapable of. So, the most likely scenario is, they keep on making promises, and engaging in ever-less-plausible Creative Accounting, until the system crashes. Just like Enron and Argentina. First, though, every temporizing expedient has to be tried, and fail. Any guesses on how long they can temporize? |
