Posted on 05/13/2005 6:24:23 PM PDT by NormsRevenge
To give you an idea of how hokey the trust fund is, consider this: We could fix the problem even better than Wexler proposes for absolutely free, just with an accounting entry. We don't need to increase taxes. Just have Congress double the amount of the IOU that we already have in the trust fund. You don't need to increase taxes to do that.
And the reason that would be better than what Wexler proposes is that taxes would be lower after we're done, and we would then be in a better position to pay off the IOU when the time comes.
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