Godless
02-11-04, 10:26 PM
Hey!! we are rich, we rich how about a trillion dollars more for me to blow!!.
Yes fokes, Pres.Dumb Ass is trying to get the US in so much debt that my childrens, children,children will be in debt for the rest of their lives. It's time to get this SOB, out of office, before theres an economical collapse like Argentina. :mad:
President Bush, saying the economic recovery is firmly in place, yesterday proposed adding $1 trillion to the national debt to fund the cost of shifting to a partially privatized Social Security system.
The massive increase in debt, coming on top of a $7 trillion national debt that is growing by about $500 billion a year, adds controversy to what was already promising to be a difficult reform to get enacted.
The debt increase is acknowledged in the 2004 Economic Report of the President, which was penned by the White House Council of Economic Advisers and released yesterday.
The Social Security privatization plan has largely disappeared from Mr. Bush's speeches and budget blueprints, although it was a major campaign platform in the 2000 election. It was judged to be politically palatable at the time because it would draw on some of the government's large projected surpluses to finance transition costs from the current government-funded pension system.
But those surplus projections have disappeared and been replaced by record federal deficits, and Mr. Bush had not previously revealed how he would fund the plan, which would enable workers to put some of their Social Security contributions into private accounts that are invested in stocks and other securities.
Because Social Security relies on current payroll taxes to fund today's retirees, the question has been how to divert money to private accounts and still meet the pension program's obligations.
Godless:
It's time for the US to abolish the Social Security, and pay every individual CASH of what they've allready contributed to this fiasco, just imagine the savings we would have, and the rise of peoples income. The politician with the balls to push this through would be the sob. I would support. The moneys can come from S.S., from firing every individual that works this crapy program, and selling all properties nation wide, in essense it could be done, however the US plans to play mom, and this ofcourse is a fantasy.
More on the story here: http://washingtontimes.com/business/20040209-114428-9699r.htm
Godless.
Yes fokes, Pres.Dumb Ass is trying to get the US in so much debt that my childrens, children,children will be in debt for the rest of their lives. It's time to get this SOB, out of office, before theres an economical collapse like Argentina. :mad:
President Bush, saying the economic recovery is firmly in place, yesterday proposed adding $1 trillion to the national debt to fund the cost of shifting to a partially privatized Social Security system.
The massive increase in debt, coming on top of a $7 trillion national debt that is growing by about $500 billion a year, adds controversy to what was already promising to be a difficult reform to get enacted.
The debt increase is acknowledged in the 2004 Economic Report of the President, which was penned by the White House Council of Economic Advisers and released yesterday.
The Social Security privatization plan has largely disappeared from Mr. Bush's speeches and budget blueprints, although it was a major campaign platform in the 2000 election. It was judged to be politically palatable at the time because it would draw on some of the government's large projected surpluses to finance transition costs from the current government-funded pension system.
But those surplus projections have disappeared and been replaced by record federal deficits, and Mr. Bush had not previously revealed how he would fund the plan, which would enable workers to put some of their Social Security contributions into private accounts that are invested in stocks and other securities.
Because Social Security relies on current payroll taxes to fund today's retirees, the question has been how to divert money to private accounts and still meet the pension program's obligations.
Godless:
It's time for the US to abolish the Social Security, and pay every individual CASH of what they've allready contributed to this fiasco, just imagine the savings we would have, and the rise of peoples income. The politician with the balls to push this through would be the sob. I would support. The moneys can come from S.S., from firing every individual that works this crapy program, and selling all properties nation wide, in essense it could be done, however the US plans to play mom, and this ofcourse is a fantasy.
More on the story here: http://washingtontimes.com/business/20040209-114428-9699r.htm
Godless.