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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (212547)	12/3/2004 7:14:08 PM
From: TimF	Read Replies (1) of 1572946

I accept that Bush raided the SS fund, which he promised not to do prior to his '00 election. To the extent that the fund has any meaning at all it was "raided" by every president since social security started. You don't get it, do you? I thought you understood that we have been in a long period of SS surplus revenue over benefits, and we are entering a period when SS benefits are over revenue. It's not prudent to cut revenue at this point. You changed the subject. I would be willing to address that as well (to the extent that it has not been dealt with) after dealing with the specific subject at hand, the claim that "if you privatize a portion of SS you would have to raise SS taxes by 50%" Once again - If they mean that Bush's plan would require SS taxes go up 50% in order for the social security fund to be in the same situation in terms of solvency that it is now, than their statement doesn't make a lot of sense. The % of SS that would be "privatized" is a lot below 50%, and also the part that would be in individual accounts would reduce future payouts. Tim

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