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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (178192)	12/29/2011 2:03:21 AM
From: bentway	Read Replies (1) \| Respond to of 543150

" The second point is that means testing social security and medicare turn them into welfare programs rather than savings plans" SS has never been a "savings plan". It's always been a generational transfer plan, with current working payees paying for current beneficiaries. The last time it was "saved", the rate was raised to generate a surplus that would supposedly cover the boomer generation, but congress began spending the surplus as general revenue and putting in IOUs.