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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (26864)	1/17/2005 5:04:41 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 90947

So basically we have the same program costs. instead of paying directly the benefits of others they will invest that money in their own private SS fund. It's that we will now shift from IOU's to real loans. Now who will that benefit? Banks? Brokerage firms? Hmmm those guys are at the top of Bush's campaign contributions. Interesting. Orca

To: Oeconomicus who wrote (26864)	1/17/2005 5:12:43 PM
From: trouthead	Read Replies (1) \| Respond to of 90947

Still not completely understanding. If we remove a revenue stream we will have to replace it with something or we'll cut benefits. I will have to do some more reading on how the SS slush fund is used. Sounds like some charletan accounting practices. I think they should make the programs optional. You could opt for the current SS system, but the pols need to quit double dipping into it to pay for other programs, or you could opt for a personal investment acct that would work like a 401k. Or perhaps a combo of each. jb