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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (91257)	12/18/2004 11:24:13 AM
From: Lane3	Respond to of 793790

The Social Security program is an insurance policy the we must take out... It's not an insurance policy. An insurance policy is a contract you buy from an insurance company. That is a construct entirely different from a tax. ... to guarantee that we do not have a lot of elderly in dire financial straits. There are lots of ways to accomplish that, assuming we want to accomplish that. Our current system is one of many options. It is a fallacy to assert that if we don't accomplish something using the current model that we cannot accomplish it. There is a difference between not doing something a certain way and not doing it at all. Re forced insurance policies, that is one way of accomplishing the objective. If you are fond of forced insurance policies, then you should support reform in that direction rather than the current system. Which reminds me, it's interesting that the privatization folks are focusing of forced savings rather than forced insurance. The insurance model would probably be cheaper and it would definitely be safer than forced investment accounts.