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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (26019)2/8/2005 5:22:32 PM
From: regli  Read Replies (1) of 110194
 
Well, it just might be you who has a great deal of difficulty discerning truth from fiction. However, here is a quote from whitehouse.gov that says it all:

As a result of these demographic changes, the current system will not be able to afford to pay the benefits scheduled for our children and grandchildren without enormous payroll tax increases or huge benefit cuts. The Social Security payroll tax, which was once 2%, is now more than 12%. Economists calculate that under the current system, the payroll tax would have to rise to more than 18% if our children and grandchildren are to receive their scheduled benefits.

whitehouse.gov

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>>> I am fascinated how the Administration is portraying SS as THE program we cannot afford. <<<

I suppose that the statement above would be fascinating if it were true, but as stupid as George Bush may be in some ways, he is not so stupid as to go around "portraying SS as THE program we cannot afford."
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