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

To: Neocon who wrote (143999)	5/9/2001 2:48:03 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 769667

A broader definition of savings goes all the way to including Social Security Old Age Pension taxes, which, of course, is absurd. But, when used, it shows a healthy savings rate. Therefore, to the extent that the average American is fooled by the greatest Ponzi scheme in human history, there is a disincentive to save. When privatization becomes a reality, that privatized portion will be legitimately includable, and the political pressure from the grass roots to increase that portion will be immense. Bad news for liberals, which is why they will hold their last line of defense at preventing privatization entirely. But it's only a question of time, and the Bush administration looks savvy enough so far that I suspect they will make it a reality in their first term. At least half of the people who benefit from privatization will not be interested in stock investment. The left-wing media and Dems have gotten away clean with their "Bush wants to take people's Social Security money and put it in the stock market" line, and this damaging rhetoric may well delay the inevitable passage, because it has not been challenged in a timely manner. But many people will be quite happy with US Government securities in their personal SS accounts, and most will want at least a % of them there. Thus we can easily foresee yet another useless piece of damage to be done by the wrong-headed attempts to pay off the national debt instead of refunding the overcharge of taxes...