Sam <[email protected]> wrote: > > They tried to fix SS and were told it doesn't need fixing. Judah still > swears it's good until 2036. But I disagree, if you let corps feel > safe about investing the will and jobs will come back. Tax revenues > will increase and the debt will go down eventually. > > Couple of points:
(1.) Social Security is a pay-as-you-go plan. If we can pay, it can go. So in that sense it's good forever. The problem is that we need money and SS has money so we need to take SS's money so we can grow our economy and hopefully pay it back. (2.) Yes corporations have lots of money in the bank but they're a small part of our employment and only one factor in the equation. The US government is dumping trillions of dollars into the economy to try to get everyone to feel better. There's no choice but to do that. And we're borrowing 70% of that money from the Fed which will have to be paid back by you and your kids. Assuming dumping these trillions into the economy gets all factors of the equation running normally, then we'll have fix our budget because at the current rate interest and entitlements alone will consume our entire GDP by 2025. Of course the problem is if our economy ISN'T fixed by dumping the trillions in. Then we have all the debt and none of the gains ... Oh, and trying to say that any of this depends on who's elected is like worrying about whether your pilot if a catholic or a jew; at the end of the day he's just gotta fly the plane. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335162 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
