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Politics : Formerly About Advanced Micro Devices
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To: Amy J who wrote (184463)3/10/2004 1:17:57 PM
From: Alighieri  Read Replies (2) of 1572611
 
I'm beginning to think the concept of forced savings is a good idea, similar to taxes but rather than entrusting the money with the govt, it goes into your bank or brokerage account similar to IRAs.

Today, the US Gvmt owes SS $1.5 trillion dollars, and Medicare $250 billion. So the fed gov has been borrowing from the SS trust fund to pay for its excesses elsewhere. Wouldn't you think that the public and pundits would put equal pressure on the fed gov to get its house in order now, just as it works to fix a program that has been in surplus for years, even as it heads towards fiscal crisis? But mr bush continues to argue for tax cuts, which in their current form favor the rich. It has been argued that the administration is purposely overspending to drive these programs into more rapid ruin.

Al
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