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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (112942)	5/8/2005 4:31:17 AM
From: KLP	Respond to of 793917

Re SS and Krauthammer: That surplus shrinks from its peak in 2008 to zero in 2017 and goes negative after that. That is a very serious fiscal problem that starts not in 50 years, not even in 12 years, but in four. The President and most of the Republicans, and some of the Democrats know this is true. If the Democrats don't come up with something that is responsible, and soon, they are going to be the Party that killed FDR's dream.... They are the folks that always blame everything on Carl Rove....in this case, I think they can count on it!

To: Paul Smith who wrote (112942)	5/8/2005 8:50:02 AM
From: Lane3	Read Replies (1) \| Respond to of 793917

>>The Same Old Saw On Social Security<< Yes, I found that an excellent piece and posted it yesterday.

To: Paul Smith who wrote (112942)	5/8/2005 9:07:41 AM
From: Mary Cluney	Read Replies (2) \| Respond to of 793917

There is no trust fund. The past Social Security surpluses were spent the year they were created. The idea that in 2017, when the surpluses disappear, we will be able to go to a box in West Virginia to retrieve the money we need to make up the shortfall (between what Social Security takes in and what it pays out that year) is a deception. There is no money there. It will have to be borrowed or garnered from new taxes. What is Krauthammer talking about? Is that what we are going to tell the Chinese and Japanese Central Banks? The money we have borrowed from you has been spent. The box is empty. You are only holding some paper. Is that what we are going to tell anyone that have lent us money? What is Krauthammer talking about? Is that what we are going to tell the credit card company. The money you have loaned to us has been spent. We have spent everything. We have no money. We are broke. Thank you very much. What is Krauthammer talking about?