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Politics : View from the Center and Left
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To: JohnM who wrote (178222)12/29/2011 11:06:30 AM
From: Steve Lokness  Read Replies (1) of 542684
 
<<< Social security is not in trouble. Period>>>>

You're just wrong John. It wasn't in trouble until the defunding under Obama - that throws out all the previous projections. That defunding also had the the additional disastrous consequence of fuzzing the separability of the funding and the payout of SS from other federal accounts. What made SS stable is the massive accumulated surpluses over the past couple of decades. That surplus has now been absorbed into the general fund while democrats sat pounding the table for more stimulus.

What you want; higher taxes from the rich to fund the now under funded or unfunded just isn't going to happen. It is no more going to happen in the near future than Santa leaving you a sachet of gold under your Christmas tree. So we are caught between these two ideologies; lower taxes from the right and refusals to address cost of big social problems by the left. The consequence is more massive debt. The "catch 22" then is that this more massive debt, makes it even harder to deal with the problem. It just gets worse and worse.

Put another way, we have been living beyond our means for a long time now. You can't do that forever. At some point either you bite the bullet and change the formula - or you go until it breaks and then decisions are taken away from you.
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