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Rick Lee Rick Lee is online now
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Join Date: Jul 2001
Location: Cave Creek, AZ USA
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There never was any plan to take all the money in the S.S. "trust fund" and privatize it. The plan was to allow younger workers to start putting a small portion - not all - a small portion - of their S.S. witholdings into the market.

So what do we have now? A S.S. surplus that is raided every single year down to about one penny above what is needed for the current year's S.S. payments. That "borrowed" money will never ever be repaid. It is thrown into the general fund to mask deficit spending by Congress. Once S.S. obligations begin to exceed the trust fund's income, there will be huge problems. Not a matter of if, but when.
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Old 09-26-2008, 07:43 AM
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