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To: kabar

Its alot easier for you to say it on a forum that agrees with you than a Sinate that has 47 Rats who can stop anything you propose. Do you really think they care about fixing SSI???

Pray for W and Our Troops


516 posted on 02/25/2007 6:23:13 PM PST by bray (Redeploy to Tehran)
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To: bray
Its alot easier for you to say it on a forum that agrees with you than a Sinate that has 47 Rats who can stop anything you propose. Do you really think they care about fixing SSI???

It is not a matter of caring. They have no choice. They have to do something. In 2008, the SS "surplus" starts declining and by 2017, we will be paying out more than we are taking in, which is what happened in 1983. At that time, both parties took the easy way out and signed P.L. 98-21, (H.R. 1900) , which raised the retirement age for full benefits to 67. It also increased SS taxes and reduced benefits. This "solution" was supposed to last for 70 years, but we will be back in the same situation [only much worse because of the baby boom generation retirements] in 2017, just 34 years later.

The only real way to solve the SS problem is to introduce personal accounts, which will reduce the USG's future liability for the program. Chile and the UK have already done this with their national pension schemes. The Dems want to kick the can further down the road by keeping this Ponzi scheme going using tax increases, raising the retirement age some more, changing the COLA formula, immediately raising the cap to $200,000, etc. This will not solve the problem, only delay the inevitable. The question is whether the Reps will again be a party to this scam or distance themselves from it.

518 posted on 02/25/2007 6:40:02 PM PST by kabar
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