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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1368)	10/5/2000 11:16:41 PM
From: puborectalis	Read Replies (4) \| Respond to of 10042

Because young people have never seen a bear market and would unwisely squander their retirement money!

To: Hawkmoon who wrote (1368)	10/5/2000 11:55:24 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 10042

I am not a liberal,but would like to comment on (why Al Gore does not want Social Security invested in stocks ect) 15% of what would be collected to be placed in Social Security would not,rather it would be placed at the whim of its' future recipient. There would be a 15% shortage in the Social Security Funds annual collection which would need to be accounted for. Anyone who believes that what he/she now pays out in Social Security taxes is set aside explicitly for their retirement not to be touch until then is wrong. What is collected each year is used in the General Fund and for distributions to current recipients. All this money is leveraged to balance this insane deficit which has been building for over 30 years. The consequences of an entitled investment senerio which Bush suggest would take an enormous amount of rebalancing of the books and prudent fiscal restraint for which Gore shows little of. Mainly,there would be 15%less of what the government collects in Social Security taxes available to play with. Gore is setting the stage for bigger government which costs $. Where will it all come from? Certainly not from SS