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

To: TimF who wrote (217824)	2/7/2005 7:19:10 AM
From: Road Walker	Read Replies (3) \| Respond to of 1571409

re: In any whether social security goes in to a protracted deficit and spends all the trust fund money or not really isn't an issue. Too much will be spent on it whether or not the trust fund becomes exhausted. I don't think the public shares this view. If we could continue the current program without "going broke" as Bush claims, most people would support that. re: Its true that a real growth rate of 4.6% sustained over decades will make the burden more bearable but you will still have fewer workers supporting each retiree. Benefits will have to be cut one way or another. In the short term. We just need to get through the baby boom demographic. The program is just a red flag for the far right. They shouldn't have named it Social Security; they should have called it "Retirement Insurance" or something. It will be interesting, when all the numbers come out on the Bush program, what the financial planners/analysts will recommend as far as participation. Depending on the details, I suspect they will only recommend private accounts for the very wealthy and for those under 30 years old. If at all. John