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

To: Joe NYC who wrote (224824)	3/18/2005 2:04:36 PM
From: Road Walker	Read Replies (5) \| Respond to of 1571387

re: As far a debt, it is a big problem in a country with very low savings rate (such as US). But the private accounts would create more than offsetting build up of capital. No, essentially the government would be borrowing money to pay current retirees. The private accounts don't offset that debt, they are not an asset. With current US debt at record levels, we can't afford more without throwing the country into recession, at best. It's really hard to get it through people's minds that there are things the government just can't afford... but Big Daddy Government is flat out broke. re: Increasing the retirement age should be part of the mix. I don't think so. There are too many people with physical jobs that just can't work past age 62-65. re: As far as rate or cap increase, I think there is a way to make it acceptable to Bush and Republicans.. If every dollar of the increase goes to people's private account, is it really a tax increase? One can argue that it is not, thereby allowing Bush to keep his "no new tax" pledge. Screw Bush, we're trying to solve the problem, and his private accounts make it worse, not better. He's not King you know. John