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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (4863)	5/10/2005 7:21:52 PM
From: Lane3	Read Replies (2) \| Respond to of 7936

I think the idea of those particular bonds is they would be the ones issued for the original buy out only. Then it makes sense that they would die with you because the current SS dies with you. My inference, and there's not a lot of detail there so it's mostly inference, is that the new money, the twelve percent currently paid in tax, would not go into those particular bonds but into something that survives you. As for your concern with folks coming back later for a second chance, there's no SS left to get it from. And there would probably be limits on how risky you can be with your account or how much of your account you can be risky with. I don't know that this would be much more of a problem with this mechanism than with Bush's private accounts. From your perspective as someone who is young enough to have a stake in this, do you think it would feel better to get the buyout and own it? I would think that would be attractive to those who think they'll never get anything out of SS.