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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: U Up U Down who wrote (53366)	10/27/2000 2:35:28 PM
From: Straight Up	Respond to of 769667

You know what makes me laugh about Gore?? He had 8 years to fix things - if he couldn't do it in 8 - why give him another 4?? Just wanted to vent. Straight Up

To: U Up U Down who wrote (53366)	10/27/2000 2:41:53 PM
From: ColtonGang	Respond to of 769667

Read the book just out........New book exposes 'phony crisis' in Social Security Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? The answer to these questions is a resounding "No." In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot show that there is no economic, demographic, or actuarial basis for the widespread belief that the program needs to be scrapped and replaced with private accounts. According to the projections of Social Security's trustees, the program can pay all of its promised benefits for the next 35 years without any changes. Any shortfall after that could be covered with less than one percent of our national income. And even according to the trustees' slow-growth assumptions for the next 75 years, our national income will grow by more than one percent each year. Advocates of "reform" do not challenge these projections. Rather, they have relied on a number of popular misconceptions, as well as verbal and accounting trickery, to create the impression that Social Security is headed for trouble. This book gets to the root of the misunderstandings that have clouded the debate over the nation's most successful social insurance program.