Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Clarke who wrote (163471)	7/23/2001 10:01:38 AM
From: DMaA	Read Replies (1) \| Respond to of 769667

A simple solution to SS: From ROBERT L. BARTLEY’s WSJ editorial today This brute fact carries unavoidable financial implications. Financing the system on an unfunded basis would require a 26% cut in social security benefits. Or a 37% increase in the payroll tax for a taxpayer making $50,000 a year. Or government budget cuts equivalent to eliminating the departments of Education, Interior and Commerce and the Environmental Protection Agency. Or borrowing enough to plunge the government into debt deeper than that required for World War II. There you have it. A no-brainer. We can finance SSI without raising taxes or reducing benefits and streamline our economic ship by scraping off that thick layer of bureaucratic barnacles that does nothing but impede our economic progress.