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To: SF_Redux
Hmm ~ here's the way to deal with it ~ whether or not Social Security is an "entitlement" is irrelevant to the equation. If you NO LONGER COLLECT FICA and you CEASE PAYMENTS TO BENEFICIARIES and REFUND DEPOSITS (which is what they are since they're taken out of after-tax income) ~ the US Treasury ends up in negative territory!

If you do the same with Medicare, Unemployment Insurance and Workman's Compensation System, it only gets worse.

I remember when the big issue with Social Security was what to do with it when it'd completely consumed the entire US debt burden and had cash left over to invest somewhere else.

That was right after the Reagan Era changes.

The Democrats sure answered that didn't they ~ they simply dipped into the kitty and spent it on all sorts of nonsense.

5 posted on 08/06/2011 4:18:20 AM PDT by muawiyah
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To: muawiyah

“spent it on all sorts of nonsense.”

Even worse, they used (and are using) it just to make the loan payments on even MORE money to spend on even more nonsense.

And, really- that’s our debt problem in a nutshell.


11 posted on 08/06/2011 4:28:32 AM PDT by mrsmith
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