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To: Lurker
I don't know why we are arguing about it. We all know that as long as the 65 and older population block votes at a higher rate than the rest of us, no Administration in Government will propose, and no Congress ever elected will pass a repeal of Social Security.

What is most likely to happen, is that the government will continue to send out the checks, every month, whether they have the income from taxes to pay for them or not. And they will print dollar bills for the Federal Reserve Banks to issue to cash those checks. The resulting inflation will effectively reduce the benefits, to zero in the end, while the politicians maintain the fiction that the government is meeting its obligations to the retired.

VietVet
20 posted on 11/30/2002 8:38:46 PM PST by VietVet
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To: VietVet
We all know that as long as the 65 and older population block votes at a higher rate than the rest of us, no Administration in Government will propose, and no Congress ever elected will pass a repeal of Social Security.

That's the most frustrating part; it's possible to privatize SS without affecting the benefits of current recipients. (I don't really blame them, they were lied to their entire lives about the nature of SS). But that won't stop Democrats from blatantly lying to retired people and telling them that Republicans are out to steal their benefits, and too many of them buy it.

28 posted on 11/30/2002 10:35:01 PM PST by ThinkDifferent
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