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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Peter Dierks who wrote (39719)3/25/2005 12:49:38 PM
From: Kevin Rose  Read Replies (2) of 173976
 
I don't understand this argument. A few points:

1) SS is still taking in more than it is paying out, and will do so until about 2017.

2) Raising taxes to cover the difference is one way to help close the gap. Cutting expenses is another. Both will be needed. The drunken sailors in power right now need to have their check writing hands slapped.

3) Private investment will do nothing to change the so-called 'Ponzi' scheme of SS. The current proposal is to allow people a choice of very conservative, low return investments. In fact, the system loses a significant amount of money because of the transition and setup costs. Who wins? Wall Street. More money on the street means more profits for them. Works the same as in Vegas. The more you play, the more they win.

The problem is in finding a good alternative. Having no fixed retirement scheme means that the government will be saddled with a bunch of retired people who have no money. Even though you can say "I told you to save", you're still stuck with them when they don't listen.

Bush is not even addressing this issue. He's catering to his special business interests, and striking a pose for his base. But then again, he's never been much at problem solving.
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