terry--
good point. this plan is a lot of crap, and the american people are stupid for believing it. the problem is the government has been lying to people about socsec for years and at some point we are all going to have to acknowledge the fact that its a tax, not a retirement plan.
my biggest problem with the idea of all these great surpluses is that we are still policeman of the world. so, at some point in the future we are going to be going to war. when that happens, its going to blow the budget all to hell, and the surplus with it. additionally, while things are good now, the economy will sour eventually. when that happens, the people will speak and they will say in unison 'washington, SAVE US!', and the federal spending machine will once again kick into high gear.
what we need is a global security framework...kind of a UN with teeth, and we need to make some real reforms to social security...raising the retirement age, and (god forgive us!) cutting back on the COLAs. this crap from clinton is a lot of feel good BS, but its the only thing he knows how to do well. i'll give this to him...he sticks to his strengths, and the republicans arent smart enough to combat it. i for one no longer will support the ineptitude that has come to symbolize the republican party.
everyone has been screwed on SS. its just that simple. so we can either complain about it or find a solution that works.
one other thing...a lot of this surplus is lower financing on the federal deficit. what happens when japan and europe start issueing huge amounts of paper to pay for their problems? our rates have to go up and our financing of the debt we carry now will as well.
this surplus is a house of cards built on very loose sand over a fault line. depending on it is utter lunacy.
good luck to all,
trey |
