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Wow! Have a look at these GOP pics from 99/2000 RE: SS/Budget

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kuozzman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 06:08 PM
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Wow! Have a look at these GOP pics from 99/2000 RE: SS/Budget
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 06:14 PM
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1. kick n/t
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DELUSIONAL Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 06:18 PM
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2. kick -- indeed -- will the Dems take a leaf out of the GOPigs playbook?
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kuozzman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 06:28 PM
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3. kick
:kick:
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 07:07 PM
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4. CLINTON WANTED TO INVEST SOCIAL SECURITY?!?!??!?!
Well, that's #10 on my now 'most remembered list of things that America's best modern-day republican president has done'. x(

Image
That pic truly boils my blood though.

59 million dipshits voted for him. At least they'll get burned too. I suppose I can laugh at THAT.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 07:33 PM
Response to Reply #4
5. Actually, this may have made perfect sense if
the scenario that many saw in the late 90's played out.

"Its interesting to ask what would have happened if the General Fund actually had been run responsibly which is to say, if Social Security surpluses had been kept in a lockbox, and the General Fund had been balanced on average.

In that case, the accumulating trust fund would have been a very real contribution to the government as a wholes ability to pay future benefits.

As long as Social Security surpluses were being invested in government bonds, they would have reduced the governments debt to the public, and hence its interest bill.

We would, its true, eventually have reached a point at which there was no more debt to buy, that is, a point at which the governments debt to the public had been more or less paid off. At that point, it would have been necessary to invest the growing trust fund in private-sector assets."

See: Paul Krugman's article in The Economist's Voice.

http://www.bepress.com/cgi/viewcontent.cgi?article=1048...
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 08:14 PM
Response to Reply #4
6. This would have been a great idea - no IOU's on future tax increase on
the rich - which is what we have now in the form of Government Bonds.

Indeed, All this private account/cut back Social Security is about is simply never paying off those IOU's.

If the Soc Sec Trust fund $1.5 Trillion were in a Stock Index Fund the GOP could not talk about defaulting on government bonds owned by Government Trust Funds.
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