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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (28707)	1/20/1999 9:32:00 AM
From: DMaA	Respond to of 67261

Here's the bottom line of Clinton's "Plan" to save SS - WSJ: Specifically, the president's plan would set aside about $2.8 trillion, or 62% of the projected budget surpluses over the next 15 years, to bolster Social Security. Of that amount, the administration would invest $650 billion to $700 billion in stocks, in hopes of getting higher returns than those on the Treasury debt in which Social Security funds now are invested. The remainder of the $2.8 trillion would be invested in Treasury securities. It's still the same old shell game. Instead of paying off the debt, we will be pissing away an additional $2.8 trillion and increasing the the debt by that amount. The Clinton plan and some congressional alternatives would channel between $650 billion and $1.2 trillion of taxpayer dollars into stocks over the next 15 years. At the end of that time, White House officials said, the government would own 4% of the entire U.S. market. Think they'll be a silent partner?