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

To: Tenchusatsu who wrote (219677)	2/24/2005 10:13:50 PM
From: Amy J	Read Replies (1) \| Respond to of 1575757

Tenchusatsu, found it: RE: "What's your opinion of the SS revenues and expenses being included as part of the general budget? I've recently been of the opinion that it lulls Congress into thinking they have more money to spend than they actually do." Agreed. It should be completely separate and the explicit IOU should be considered more implicit (such as the way you propose), otherwise it lulls Congress into thinking they can spend this money (which they are.) When I first learned Congress was spending SS as "pay as you go", I was horrified they weren't using the more prudent method of "save and let the power of compounding growth prevail." A system has to be created to prevent Congress from looting it. Likewise, Greenspan needs to consider changing his monetary policy so that he doesn't always say "yes" to Congress by printing money for their spending habits (which simply devalues the dollar as you saw by Korea's concerns about the USA deficit yesterday that tanked the stock market.) I made a post on Intel thread around five years ago suggesting the govt should require people to come up with $10k before they have a child, and it would become $1 million when the child retires. ( The average cost of a wedding back then was around $15k so there's no excuse the average person didn't have the money. ) Just read yesterday Paul O'Neil (former Treasury) is proposing something almost identical - $2k per year until age 18, so that a child has $1 million when they retire. Regards, Amy J