SI
SI
discoversearch

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


To: Road Walker who wrote (211653)11/13/2004 9:37:51 AM
From: steve harris  Read Replies (1) | Respond to of 1573458
 
Bush turned around Clinton's stock market crash and 9/11 to defy the Bush haters, so fixing social security should be a walk in the park. Except for the liberal politicians (Hillary 2008) who need govt social programs ($$) to buy votes.



To: Road Walker who wrote (211653)11/14/2004 1:30:36 AM
From: Joe NYC  Read Replies (1) | Respond to of 1573458
 
John,

And he also said he would partially privatize Social Security, a change that would add $Trillions to the deficit.

It is hard to talk about deficit or surplus in a pyramid scheme. When a country has been caught in the middle of a pyramid scheme, there is going to be plenty of pain sooner or later, when it collapses.

A step that leads from unfunded pyramid scheme to a fully funded pension system is a sound strategy, no matter what the transition costs are.

Joe



To: Road Walker who wrote (211653)11/15/2004 11:18:15 PM
From: TimF  Read Replies (1) | Respond to of 1573458
 
It would add money to the official deficit while reducing liabilities that don't show up as part of the deficit. The only real downside is that it will reduce income quicker then it will reduce payouts. You increase the deficit now, in exchange for less stress on the deficit in the future. To the extent that you have to pay interest for that amount of time it may increase the final deficit.

Tim