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

To: Alighieri who wrote (434836)	11/13/2008 3:37:13 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574680

Al, > How does this constitute welfare, or how does it modulate how many people depend on the government for their retirement plans? It's a rule driven, fixed participation, everyone is in it. When current beneficiaries are directly paid by contributions from current employees (or taxpayers in the case of Social Security), then it constitutes welfare for the elderly. I'm glad you brought up the analogy of the private sector, because we're seeing Ford and GM suffer from overly generous pension programs, among other things. > By the time it's over (hopefully), the iraq war will have accounted for nearly 2 years worth of SS payments. I don't think it's even reached one year of SS payments: zfacts.com $600 billion over five years. The human cost, of course, is absolutely unacceptable, but $600 billion sounds like chump change in these times where we're throwing around $750 billion in "bailouts" ... Tenchusatsu