From: "Robert G Lewis" 


"Mark"  wrote in message
news:42051487$1{at}w3.nls.net...
>
> "Robert G Lewis"  wrote in message
> news:4205086f$1{at}w3.nls.net...
>>
>> "Robert Comer"  wrote in message
>> news:420504e8$1{at}w3.nls.net...
>>>> Hey just joking.
>>>
>>> I wondered.  It's a pretty hot button for me. (obviously!)
>>
>> I'm waiting for specifics. I do not think it's currently a good idea
>> though. Until we get specific information though its all shots in the
>> dark.
>>
>>>
>>>> Best thing we can do is to balance the budget NOW and
eliminate paying
>>>> all that interest.
>>>
>>> That's a different issue than SocSec, but it too is doomed to failure
>>> with the current administration.
>>>
>>> - Bob Comer
>>>
>>
>> I think the two may be related. if the government is bankrupt then SS is
>> toast anyway. I wonder if the plan is to see the idea of no ss then have
>> ss forgive the money the government owes it. That would help with the
>> debt 
>
> The thing is, if they leave SS alone, then the liability keeps growing and
> as it does they'll keep putting off paying back the money they spent. The
> longer they/we wait, the worse the problem gets -- putting extra pressure
> on raising the FICA, raising the age for benefits and lowering the benefit
> amount.
>
> If the private accounts are introduced, two things happen: 1) their future
> liabilities grow at a slower rate, eventually, in almost a century, being
> eliminated altogether, and 2) their current play money dries up, forcing
> them to act more responsibly now which very well may mean raising taxes
> for the general fund. It seems to me that with everyone yelling about
> Bush's tax cuts, that anything that may force them to raise taxes should
> make everyone happy 
>

Given the current deficit and debt what makes you think that anything would
make them act responsibly ?

Bob Lewis

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