Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Steve Dietrich who wrote (4426)	2/27/2004 11:10:49 PM
From: brushwud	Read Replies (1) of 81568

Seems like you've got some of your facts wrong. I do? The first generation to receive SS paid little or nothing into the system. Over 50% of America's elderly were living in poverty before SS. The government doesn't hold your money for you. It takes money from workers and give it to retirees. That's how it started, that's how it's always been. Yes, that's exactly why someone called it "Taxes & Welfare". Reagan increased SS taxes in '83 so it could run surpluses to prepare for the Boomers retirement. SS loaned that surplus money to the treasury. SS holds about $2 trillion of our nation's $7 trillion debt. That's basically true, but contradicts what you said before: "The government doesn't hold your money for you... That's how it started, that's how it's always been." Bush used SS surplus projections to justify his cuts in estate and income taxes. Now that those cuts are bankrupting us, they want to say we can't afford to pay SS benefits. "They" "want" to say? It was Greenspan who suggested cutting benefits, not Bush or anyone in the Administration. Greenspan was appointed to his post twice by the last Democrat president.

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