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Reply #79: Excuse me for being blunt, but you are missing my whole point [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
googly Donating Member (801 posts) Send PM | Profile | Ignore Fri Feb-11-05 09:09 PM
Response to Reply #73
79. Excuse me for being blunt, but you are missing my whole point
Edited on Fri Feb-11-05 09:12 PM by googly
The problem is NOT lack of taxes in social security. In fact,
we have collected over a TRILLION dollars over what has been
paid out in benefits.

If we tripled the taxes on the rich and kept operating as we are
now, social security still goes broke when boomers are at the
peak of retirement. And for the umpteenth time, the PROBLEM IS:
EVERY DOLLAR COLLECTED THRU PAYROLL TAXES ENDS UP IN THE FEDERAL
BUDGET TO BE SPENT BY NEOCONS AND SOCIALISTS BOTH! The way SSA
is operating currently is to invest NOTHING in anything except
IOU's from the Treasury. So it won't matter how many taxes are
increased in federal income tax or payroll tax. It all winds up
being spent IMMEDIATELY in the federal budget.

My proposal is trying TO GET AWAY FROM THE SPENDERS USING THE
CURRENT EXCESS PAYROLL TAX to balance the budget ON THE BACK OF
SOCIAL SECURITY.

If you don't still get it, I give up on you.
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