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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (87306)	12/20/2000 12:57:23 PM
From: Hawkmoon	Respond to of 132070

If there was a refund now, why not reduce the tax rate for SS? That, I believe, is what Bush is proposing. However, rather than reducing the FICA tax, Bush would provide the option that a portion of it could be applied to personal retirement accounts invested in hard assets, or even T-bills. We need to push more dependence on people investing in hard assets than relying on governmental obligations like SS to carry them through retirement. Especially since those obligations require future generations to pay higher taxes. As for the national debt, I think we should focus more on outgrowing it, than on paying it down drastically. We need to put a cap on governmental spending, hold the line, and increase economic growth. The only problem with that is if we permitted US GDP to grow to its potential, we'd apply even greater pressure on our competitors economies. Check out the office of the public debt website to track the growth of the national debt in this time of tax surpluses... They show irrefutable proof that tax surpluses for the SSTF increase the national debt. Regards, Ron