At 08:35 AM 1/17/2005 -0800 Doug Pensinger wrote:
>> There is no "excess money" in the system. Every dime of Social
>> Security> taxes collected in excess of current payments is currently
>> being spent by
>> the rest of the Federal Government.
>
>Misappropriated?
It depends if you think that it would be wiser for the Social Security
Administration to simply put hundreds billions of dollars in vault - or
else invest hundreds of billions of dollars in equities. Is this what you
believe?
>So basicly what you're saying is that because Social Security money isn't
>being used for what it is intended we have to scrap the system?
What I'm saying is that any "pay-as-you-go" system is inherently unstable
in the long run - but particularly as population growth slows down.
JDG - Not that anything I am saying was controversial among honest
Democrats before Bush got re-elected Maru.....
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John D. Giorgis - [EMAIL PROTECTED]
"We have one country, one Constitution, and one future that binds us."
-George W. Bush, 11/3/2004
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