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Originally posted by Superman
Don't know how so many people can be convinced of this in light of the fact that, even if we did nothing about SS, the fund would not have solvency issues until something like 2055.
Fact is, we're using "privatization" for two reasons. First, because this would allow Wall Street to get their grubby little hands on our SS money and gubmint is hated by everyone now anyway (sure, that's real patriotic).....plus it covers up the real reason why SS needs to be saved. I think you all know that Congress has been raping that fund for years. So, rather than pay it back, we're looking into a new pyramid scheme. When are we going to insist that Congress handle our money responsibly? it seems to me that's the real problem.
But then, our entire economic strategy right now is focused entirely on covering up the issues and pretending.
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That's all fine and good, but when I first found SS being taken out of my paycheck, I knew I'd never see that money again - whether it was or was not being taken by Congress. Besides, if Congress can't handle it responsibly now, can you truly trust them to handle it responsibly in the future?
The way I look at GW's plan now is sort of a "well at least it's something..."