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Author: iamdb Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76112  
Subject: Re: Even SS does better than this Date: 1/4/2005 12:49 PM
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Supposedly there is a social security fund -- recall the lock box promises, but the government "borrows" from it and writes worthless checks to secure the loans we unwillingly grant -- maybe not so unwillingly, given that we reelect the devils. Now, if instead, the social security fund were invested in a fiduciarilly responsible way, and the governemt had to raise taxes if they couldn't manage to live within avialable income, we wouldn't have a problem for the adminstration to exaggerate to support their idealogical desire to end a bastion of FDR's New Deal. But administration's tax reductions exacerbate the problem by increasing the need for the government to write those worthless checks to social security. I must admit, there is a nice, if sinister, circularity to the whole mess. What, me worry? We have a government by and for special interests, so why would we expect anything different?

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