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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Amy J who wrote (26129)12/17/2004 6:48:54 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
The really sick part about this scheme is that it doesn't solve the problem. People in your generation pay 16% less tax which merely increases the Social Security shortfall due to the Baby Boom generation.

Later when it comes time for your generation to retire, your benefits will be 40% less generating a huge surplus, years after the shortfall occurred. Like all schemes dreamed up by Monetarist Socialists like Bush, this one involves the creation of huge amounts of debt, or "free money" in the odd language of Monetarism.

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