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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (184463)	3/10/2004 1:17:57 PM
From: Alighieri	Read Replies (2) \| Respond to of 1572630

I'm beginning to think the concept of forced savings is a good idea, similar to taxes but rather than entrusting the money with the govt, it goes into your bank or brokerage account similar to IRAs. Today, the US Gvmt owes SS $1.5 trillion dollars, and Medicare $250 billion. So the fed gov has been borrowing from the SS trust fund to pay for its excesses elsewhere. Wouldn't you think that the public and pundits would put equal pressure on the fed gov to get its house in order now, just as it works to fix a program that has been in surplus for years, even as it heads towards fiscal crisis? But mr bush continues to argue for tax cuts, which in their current form favor the rich. It has been argued that the administration is purposely overspending to drive these programs into more rapid ruin. Al

To: Amy J who wrote (184463)	3/10/2004 2:30:05 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1572630

Amy, Why not immigrate 75M more workers to the USA over the next 20 years or so, in order to make up for the retires? That's about 3.75M more workers/year, and creates more customers too. That's one way to grow the GDP as well as well as pay the tax receipts to pay SS. Some people have said they think is the underlying reason why Bush cut a deal with Fox in Mexico to allow more immigrants into this country. My only gripe is, they need to allow more of the PhD immigrants into the country. I'm all for expanding legal immigration at all levels, not just the Ph.D's, though they too would make valuable members of society. Of course, you'll threaten the power base of some special interest groups such as unions (typically white blue-collar workers) and African-Americans (who are now facing political competition from Hispanics). Guess they'll just have to adapt. Tenchusatsu