Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Daniel Schuh who wrote (29223)	1/22/1999 4:33:00 PM
From: Les H	Read Replies (1) \| Respond to of 67261

The overall surplus is a fiction. The government debt continues to increase. It's not there to pay the SS trust fund, and won't be there in the future. The SS trust funds debt are different from other obligations. The payment of the SS trust fund obligations are based on current benefit levels adjusted for CPI. If the inflation rate is much higher by 2013, then more money will be required of the general revenue fund. If the politicians continue to add more beneficiary classes to the program as they have often done, then still more money is required. Payments of other debt securities aren't subject to political factors, such as the above. As I've stated before, the program is much larger than needed to support the truly needy among the elderly. There've been a number of proposals to do just that. Estimates have been a 4-5% payroll tax would do the job. Far less than the 12-13% currently, or the 22% that Rostencowski proposed. If you wish to do the research, the various sites provide income breakdowns on recipients. As I pointed out, Clinton has been continuously saying that he "wants to preserve the surplus for Social Security" and here he is proposing a giant spendthrift SOU. But then, you only think lying about government programs only applies to Bush's inability to keep the no-tax promise fully 3 years after the election.