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Politics : Foreign Affairs Discussion Group
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To: TimF who wrote (262217)4/22/2008 2:23:07 PM
From: geode00  Read Replies (1) of 281500
 
I will say this yet again. Social Security is an insurance program. It is not a 401K or an IRA both of which can exist along with your SS.

Also, if you do not know how much government spending is too much then you are simply complaining which is about as useful as howling at the moon. Take a stand, any stand but take a stand.

For the umpteenth time, Social Security is not unaffordable. There is a bubble due to the baby boom but that can be dealt with by simply eliminating the regressive income contribution cap. It is fixed by the stroke of a pen and some political will.

That fixes SS forever as long as the government doesn't pilfer from it by going to illegal wars for profit. The risk of underperforming what the S&P? That depends on what timeframe you are looking at. Ask the shareholders of Bear Stearns how they enjoy underperforming this year.

SS is a tax. It says it is a tax. It is simply a tax that pays for premiums on the mandatory insurance program. Unlike the mythical free market baloney peddled by corrupt right wing Republicans, SS accepts the failings of human nature and places a societal safety net beneath us.

That is good government. It is realistic government and not some ideological claptrap.

Note that ENERGY PRICES also act as a tax as does reduction in services from government without commensurate reduction in taxes or fees. Many things act as a tax even when they aren't labeled as such. That is Econ 101.

So what?
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