It's not the only thing it's just a part. The money is long gone, nothing to lock now. New money coming in is paying the benefits of past contributors. What Bush is proposing is to borrow $18 trillion and lock it up. That's a lot of money to borrow but we will spend it anyway in a dozen or so years when more people are collecting than are putting in. The reason for the individual investment accounts are you will then have a chance to make more than the standard .5% or whatever it earns now. This way since you're forced to save at least you have a chance of improving your rate. As its the government takes your money and gives you the lowest possible interest rate.
On 9/7/05, Jim Davis wrote: > > -----Original Message----- > Silly question... but if this the only benefit why not make it illegal to > "borrow" from SS in the first place? Why not a lockbox for the current > system? > > I don't know the issue well... but this seems to be a huge undertaking to > solve the (seemingly) relatively simple issue of keeping fingers out of the > pie. > > Jim Davis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:173089 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
