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

To: Lane3 who wrote (21266)	8/9/2001 6:58:42 PM
From: The Philosopher	Read Replies (1) \| Respond to of 82486

Absolutely right. But the fact is that Uncle Sam has to raise taxes. Whether he calls it paying social security, or paying off debt to pay social security, it's the same thing to me the taxpayer. that's why the notes are a fiction.

To: Lane3 who wrote (21266)	8/9/2001 7:18:33 PM
From: TimF	Read Replies (1) \| Respond to of 82486

Well, of course I'd be in a pickle. But then I don't have the authority to raise taxes or reallocate money from fighter planes or farm subsidies. Uncle Sam does. Whether he uses it or not is politics. You have some ability to raise your income (even if you would have to change you lifestyle in ways you don't like), you can also cut other spending just like the government can. The government might have more control over its future income then you do but its control is not limited and it is subject to political contraints that you are less subject to. (If thats what you mean by "its all politics" then I partially agree but as long as paying out SS obligations is considered an actual obligation rather then a matter of politics then it isn't all politics as important other factors are involved, and the situation could be a similar one to the one Chris used as an analogy. Tim