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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (215304)1/19/2005 1:31:45 AM
From: Peter Dierks  Read Replies (1) of 1573939
 
Sounds like my wife.

Could the next Congress resist dipping into the newly secured general funds of the revised SS fund? Congress spent the excess contributions like drunken sailors all through the sixties, seventies, eighties, and the nineties until the numbers revered at t he end of the nineties and the claims exceeded the contributions.

Perhaps President Bush and his team theorize that a statement showing actual funds owned would be difficult for the Government to successfully forge. How long would a trustee last if they were reporting 401k statements but not buying the funds? Auditors would soon detect it and closure would come fast. Taxpayers might not react well to a line item on a benefits statement labeled T-Bills or other forced borrowing if they elected a different strategy.

I wonder if Bush is not hoping to use collective individual self interest to police the government appropriation of retirement savings.

Sorry I ignored the part about deficits.

Peter
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