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Politics : President George W. Bush - Right or Wrong? -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (292)	12/15/2004 7:35:05 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 390

How about we just segregate social security funds from the rest of the money? THAT is exactly what the original idea was. That money supposedly was sacred and was not to be used for other purposes. Then it got complicated. Like part of what was welfare was moved under "Social Security" to protect it from political meddling, supposedly. The idea was that since SS was the "third rail of politics", it would be safe. Then Medicare was moved in. The two bankrupted SS and created the current situation. Politicians simply could not keep from meddling with the situation. I haven't seen the numbers, but I have read numerous places that the retirement portion of SS - the original purpose - is still solvent. It's the additions that are destroying it. The "lockbox" idea for SS has been tried before. You can see how well it worked. Why gov{t bonds? That simply means the gov't has even more reason to go into debt. How about: You are legally required to put X% of your income into an IRA. How you invest the money would be your choice. (Yes, certain restrictions would be necessary.) If you don't put the required amount in, the gov't taxes any deficit at 100%.