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

To: Road Walker who wrote (218078)	2/8/2005 4:27:10 PM
From: TimF	Read Replies (1) \| Respond to of 1571871

Then we agree. I would put it a little differently; we can't afford government controlled private accounts now. In terms of social security costs we can afford them now (esp. if they are phased in rather than all at once) more then we will be able to afford them later. Of course we can hope that other government costs will be contained better in the future than they are now but I'm not sure that is very likely considering the projected growth of medicare and how no one with any power or status is talking about serious medicare reform. If we borrow the money now the effect is similar to if we promise to pay it latter. Borrowing money includes the promise to pay it back later. If we reduce what we are obligated to pay later through social security the effect is similar to if we reduced debt. Of course in the mean time we would be increasing actual debt, to a large extent the two factors cancel each other out. Tim