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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (13261)	3/21/2012 2:20:23 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 85487

<<<<and the baby boomers where in the peak earning years rather then retiring like they are starting to do now>>>> Yup! Now you're getting it. So because they were in their top spending years and because the government under Reagan was still functioning as a government should, the government increased SS - increased taxes. They increased the taxes to prepare for the baby boomers as you say. ...........They invested trillions of this tax into the good faith of government bonds. Now those bonds will be needed to be exercised to pay these people back. It was NO FAULT of the people who were paying the taxes that Bush took the surplus and ran. I know you don't like this but tough! Unless you are willing to tell people now they don't get their SS money - you better go looking someplace else to balance the budget. I suggest the wars! If you do tell people they don't get that money back they have been paying in for the last few decades - I promise there will be rioting in the streets.