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

To: kech who wrote (113084)	5/9/2005 8:35:25 AM
From: Mary Cluney	Read Replies (2) \| Respond to of 793955

Yes but who is the government? It is us. Or rather, in this context, it will be the next generation that will be obligated to pay back these IOUs. What does that have to do with Social Security? The Government (us) runs a deficit. It has to borrow money. The Social Security Trust is where they borrowed some of this money. If the trust was not there, the government (us) would have to borrow from somewhere else. What does this have to do with Social Security? The point of the personal accounts is to make a transfer now (through borrowing to make up for their payments going into personal accounts) to the next generation. This voodoo economics. If you have private accounts that you can manage and risk your own money, why then does the government have to get involved? The idea of Social Security is to share the rewards of a prosperous society to ensure that everyone can grow old and die with some dignity. Social Security does not provide for a luxury life style. Lindybill and Unclewest are senior citizens in good standing. They deserve to share in the great wealth of this country. The small amounts they get from Social Security is what they paid into it. But, if there is a small shortfall, the next generation owe it to the Lindybills and Unclewests. It is their reward for helping to make this a prosperous and great country. Young people growing up in this country owe it to the previous generation. Social Security is a very small way to acknowledge that this generation and the next generation owe to the prior generation - in some small way. We live in a community. We do not live on our own. We rely on each other. Social Security allows us to do both. We can go on our own and provide for our own economic well being and we also have a small stake in a shared economic plan to help provide for the elderly. There is nothing wrong with that concept.