Not to beat a dead horse, but what do "Personal Accounts" have to do with

[kentuck]

saving Social Security. As others have noted, Bush himself says that the Personal Accounts will do nothing to save Social Security? So why even mention Social Security in the same breath??? Other than that taking the money out of the SS fund will only make the problem worse, there is no correlation to "saving SS" and "personal accounts". It's almost like we are talking about fighting a war on terrorism and he changes the subject and says, "Why don't we just invade Iraq"????? Totally irrational....

[stevebreeze]

1. you are not hallucinating

though it feels that way often with this crowd. Private accounts are only an excuse.

[MercutioATC]

2. Stop it! Stop making sense! Damn you!

:hi:

[sandnsea]

3. That's a superb analogy

We really ought to use that alot.

[Mountainman]

4. They were using the private account idea to turn the younger folks

against the older ones. They are telling younger people that they can earn more if they put their money into private accounts rather than use it to pay current retirement benefits as it does now. They younger people would not pay current benefits with their money but would put it into the market.

Older folks would have to work longer and get their benefits cut or the government would have to borrow to fund current benefits as they are. Now if you fell for this bull shit, older folks would want younger ones to not have private accounts and younger ones would not care what happens to current payments and older folks.

In the end this administration wants to do away with social security all together and we would be fighting each other for nothing but that's how they used the gay issue to divide the country during the election.

[cry baby]

7. There have been several 20 somethings tonight on DU say that

they like the idea of privatization. Some of our 20 somethings are actually buying this * agenda to begin to disolve SS. So the repubs may get their way.

[KoKo]

5. Kentuck.....check this out...

http://www.c-span.org/search/basic.asp?ResultStart=1&ResultCount=10&BasicQueryText=Eliot+Spitzer&image1.x=28&image1.y=13&image1=Submit

It's the link to Eliot Spitzers talk about the SEC/Stock Market and his Investigations to date, given to the National Press Club on C-Span. If you missed it, like I did it's worth a look.

A DU'er gave a "heads up" earlier this week, but I missed it, and only found it by chance on C-Span repeat tonight while switching back and forth from Super Bowl crap.

I hope this link works...it worked for me from C-Span. Trust me...it's a MUST SEE! For those of us Over 40...who are worried. :D...over 40...I hope I didn't peg you wrong and you just turned 35...

[kentuck]

6. I'm a Vietnam vet...

So i'm over 40...:)

i'll check it out.

[KoKo]

8. Somebody just posted this in "Editorials" Great read about "SS"

from an "unlikely source." Even the Bushbots are getting worried about "privitizing" it:

http://www.nydailynews.com/front/story/278301p-238324c.html

[nancyharris]

9. For what its worth

The theory is that currently (and until 2018) all of the surplus FICA money paid into the system is rolled over into the general funds and is spent. The government gives the SS Trust fund an IOU in the form of a bond which will be repaid (by the taxpayers) when it comes due (in 20 years).

Every dollar that is placed into a “personal fund” is one dollar LESS that is 1.) spent now and 2.) has to be repaid later. Until 2018 the “personal account” money has absolutely no effect on SS as the surplus is spent anyway.
If the surplus was not spent (and perhaps put in a “lock box” as Gore suggested) the SS fund would remain solvent for considerably longer.