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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (173931)	8/15/2003 6:30:34 PM
From: Tenchusatsu	Read Replies (2) of 1574372

David, The program was NEVER actuarily sound I'm sure it was sound at one point. Kind of like a nationwide disability, life insurance, and pension program, with a portion of wealth-redistribution thrown in for the good of society. After reading more about SS, I'm holding back my judgement on whether it is doomed or not. It IS a Ponzi scheme, but that's because it was set up that way to begin with. The trust fund is a joke of accounting (government basically lending itself money), as well as the notion that government saves all of your SS taxes for your retirement. (The latter is one of the MOST successful lies in politics, BTW.) Major reforms will be needed sooner or later, but hey, if even a liberal like Clinton can reform welfare, I'm sure we'll be able to reform SS. We'll just need to get around the partisan politics, for you know the Dems won't let Bush even touch SS without scaring seniors. Tenchusatsu

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