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Subject:  Re: Maybe financial crisis could have been worse Date:  9/19/2008  4:30 PM
Author:  fleg9bo Number:  13991 of 21783

I began to wonder what might have happened if George Bush and the extreme elements in the Republican party had gotten their way on replacing Social Security with private accounts.

Who wants to do that--you got any names? Bush wanted younger workers to be able to put part of their SS contributions into private accounts while leaving the system unchanged for older workers and the already retired. That way the younger workers would get a much better return on their contributions than we do when they retire while being less of a burden to the people who will be paying the taxes at that future time.

Perhaps you've been taking too seriously various Democrats' lies about Repubs wanting to taking SS checks away from the elderly.

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