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

To: SilentZ who wrote (214473)	1/8/2005 9:59:34 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1572373

That's just the thing, zofsilence, it does NOT guarantee my child a safetynet. It would do that only if my children's contributions were set aside only for them. Instead today's contributions are going to pay for today's retirees. By 2018, there will be net outflows from the fund. By 2042, the SS Trust Fund will be empty. Now, I trust that our gov't will come up with money to fund their obligations at that time, but you can bet it will come from running a deficit, raising taxes, or cutting benefits. That's not much of a guarantee. I'd rather see all of my kids savings from SS go into an account set aside for them and invested in a horizon fund. Then the probability is MUCH higher that the money they put in, they will get back out, plus a much greater return.

To: SilentZ who wrote (214473)	1/9/2005 12:54:16 AM
From: Raymond Duray	Respond to of 1572373

Hi zofsilence, Re: There's really no reason that SS shouldn't work, unless we spend the funds that are allocated for it on other things. Actually, that should be the past tense, "spent", rather than the speculative "spend". Over the course of the past two decades, Congress has continuously robbed the American people and put little I.0.U.s, essentially worthless, into the Social Security cookie jar. If you look at our national accounts you'll discover to your horror that this practice has recently permitted solons such as Pete Peterson to come out with brash anti-social security statement such as "even the government can't spend the same money twice". What has happened for the past 20 years is that the Congress, cooperating with the White House has absconded with about 3-5 Trillion dollars from the Social Security trust fund and pissed that money away on follies such as the most grotesquely overbuilt navy and air force on the planet, and other such creampuffs for military contractors such as the completely dysfunctional National Missile Defense system. Better to call it what it really is, the National Sheeple Fleecing System. Because the Department of Death has become so excessively powerful and it sees a threat to its greed and rapacity should it be forced to live within the confines of the government's actual income, it has decided to attack Social Security in order to 'feed the beast' a while longer.