Author Topic: Social Security (Read 538 times)

H. Godwineson · « **Reply #15 on:** October 07, 2002, 10:40:52 AM »

OZKansas,

Most democratic plans for "fixing" Social Security in recent years combine tax increases with raising the age at which recipients may begin to draw their benefits.

Gore's "lock box" proposal wasn't taken seriously by any politician in Washington, least of all him. Originally, the Social Security fund was "locked away" so that the tax money taken in to support it could grow and earn interest to keep it solvent. Congress found the key to that "locked box" back in 1974, I believe it was, and began to draw the funds out of it to support other social spending programs. THAT is why Social Security is in the financial trouble it is in today.

Regards, Shuckins

midnight Target · « **Reply #16 on:** October 07, 2002, 10:45:09 AM »

http://216.239.33.100/search?q=cache:hU9m1HBEICoC:democraticleader.house.gov/sp/issues/policy_updates/readPolicyUpdate.asp%3FID%3D18+Democratic+plan+for+social+security&hl=en&ie=UTF-8

midnight Target · « **Reply #17 on:** October 07, 2002, 10:47:34 AM »

http://216.239.33.100/search?q=cache:Gmk40cJcaS4C:http://www.truthout.org/mm_01/4.DPC.demplan.pdf+Democratic+plan+for+social+security&hl=en&ie=UTF-8

Those 2 sites were found in about 10 seconds with a Google search.

OZkansas · « **Reply #18 on:** October 07, 2002, 11:15:39 AM »

I believe that Pres Bush has gotten a report from a bipartisian group that recomended the partial privatization of SSA since the above positions were taken.

Justt what is the current position the dems are running on this cycle? What is their plan to extend Social Security? In other words why would one vote for the dems on this issue.

john9001 · « **Reply #19 on:** October 07, 2002, 11:27:52 AM »

the excess SS taxes are invested in govt bonds, which means the govt borrows the money to pay it's bills, i have no idea how much the govt owes SS , but when SS taxes fall short of SS payments , SS can start cashing in the govt bonds and when the bonds run out SS can borrow money from the govt. so all the talk about SS going broke is BS to scare the old people.

popeye · « **Reply #20 on:** October 07, 2002, 12:16:03 PM »

Investing the excess SS taxes in government bonds is a shell game designed to hide the fact that SS taxes are being shifted to the general fund. When the bonds are redeemed to pay for SS shortfalls, guess where the money comes from -- the general fund -- paid for by the poor shmucks unlucky enough to be taxpayers when the bill comes due.