PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Oeconomicus who wrote (506035)	12/8/2003 3:00:07 PM
From: jackhach	Read Replies (3) of 769670

You are a moron, plain and simple. The SSTF is a "set-aside" which is funded purely through payroll deductions -- not income tax. None of the wealthy pay anything beyond the threshold into it. It IS NOT part of the general treasury. The wealthy however would like to use it to balance the budget after they get their full tax cut. Bush I (daddy) wanted, very, very badly to invade that "trust" fund -- but was prohibited by Congress -- instead he had to settle for borrowing against the fund (collateral). Which he did with impunity. He was forced to RAISE TAXES (as a pct of GDP) higher then ANY president in US History (NOV 5, 1990.) Literally the day after the mid-term elections. Clinton, for his part, was tempted but actually reduced the percentage of debt financed with SS as collateral (not actual funds -- as you wrongly state.) The National Debt, if you understand economics, under Clinton dropped off WITH ZERO help from raiding the SSTF. In addition, the Budget Surplus that was created could have properly funded Social Security well beyond its current levels/capacity. Remember Gore talking about the "lock box" -- he knew that the GOP would do everything in their power to take from it -- and they will claim go forward in an attempt to reduce the GOPs irresponsible debt by stating that borrowing from SS has been going on for years. <--- this is a BIG FAT LIE. Carter established separate vehicle (outside the Treasury) so that this very thing could not occur. Look at the chart below, if you dare see reality. Do you think Clinton was somehow allowed to invade SS -- but all the other presidents (including the current one) was/were not allowed? SEE REALITY BELOW --your afraid of the TRUTH because its TOO PAINFUL TO ACKNOWLEDGE. bullandbearwise.com -JH

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