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Politics : Health care / Social Security / Medicare & politics -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (18)	12/11/1998 10:57:00 AM
From: mrknowitall	Read Replies (1) \| Respond to of 25

Les - interesting - although the 2013 date is only slightly disingenuous - it assumes the economy (and therefore, tax receipts) will continue to grow at a fairly constant rate and fails to take into account normal recessionary slumps that will occur at least twice during the next 15 decades. In reality, if the economy stays flat, some of the debt instruments will have to be repaid well before 2010. Given Washington's addiction to our money, we cannot expect to see decreases in spending (especially if Democrats obtain a majority of the House or Senate) so we know what the answer will be: Increased taxes on earners, particularly if you're in the magically-endowed "rich" category that they keep lowering the bar for. Our only hope as investors is to start preparing. Assume if you're self-employed that your "contributions" are going to increase beyond the "double-dip" they now get. I suspect that if your household makes more than $80K per year there won't be an upper limit on SS confiscations when all is said and done. After all, it's the mean, scoundrel upper-class that gets all the breaks, right? Bleak mess we've been put into, isn't it. Another evidence of the folly and slavery of socialism. Mr. K.