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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (21238)	8/9/2001 5:51:36 PM
From: Win Smith	Read Replies (1) \| Respond to of 82486

But Tim, why has it been perfectly OK for the government to use SS taxes for other purposes in the past, but it wouldn't be ok to use other taxes to cover SS obligations in the future? That latter is in general how T-bonds work, the government promises to use other taxes to cover its obligations in the future.

To: TimF who wrote (21238)	8/9/2001 6:15:57 PM
From: Lane3	Read Replies (1) \| Respond to of 82486

. Either way I am not looking forward to it. I appreciate your discomfort. Were I in your shoes, I'd be socking away every penny I could for a rainy day. You couldn't expect to live on social security retirement in any case. I hope that doesn't sound cavalier. I really am sympathetic. Karen

To: TimF who wrote (21238)	8/9/2001 6:27:00 PM
From: The Philosopher	Read Replies (1) \| Respond to of 82486

You're going to get screwed when you retire. If you get to retire. Count on it. Just make sure you keep paying your SS taxes in the meanwhile so Karen and I can retire comfortably!

To: TimF who wrote (21238)	8/9/2001 7:15:37 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 82486

Its a practical one in that the government will have to come up with new funds, or spend less when the SS tax no longer supports SS expenses. While I agree that it would be better if the govt spent the SS surplus on regular Treasuries instead of SS IOUs (thus recording it as an increase, instead of a decrease, in federal debt), the current use of the SS Trust Fund to pay down the national debt should leave the US Govt in a better position to raise the necessary monies for SS payments in 15 years. It's not correct to regard the money as simply confiscated with no return or obligation on the part of the government.