Quote:
Originally Posted by Bill Verburg
Not a fan of Gore and certainly not defending his policies in general but on that one he was right. It's criminal of the Federal government to comingle SS/medicare $s w/ General revenue $s as we have been doing since the Johnson administration. It just gives the pols more money(it is only in their imaginations that it is theirs) to buy their next election(can you say Pork, Earmarks, member iems) while someone way down the road pays the bill.
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What would be the effective difference between the "Lock Box" (only to be opened in the future) and just Burning the excess SS funds and then reprint new dollars in the future?
If you have a large chunk of the population retired, then you have a large chunk of the population consuming w/o building. -Quite simply, printing money (or taking it out of a Lock Box) does not create wealth.