Quote:
|
Originally Posted by flstf
Well if for no other reason to dispell the myth that there is an actual SS fund. You would be surprised at the number of people who don't realize this and keep talking about how the fund is going to go under or there wont be any money in the fund when I retire. There is no fund.
|
your point is key to arguing the position that is attempted by guy44'2 links.
How can something that doesn't exist have a "huge surplus" while the place where the money is actually coming from has deficits?
The "huge surplus" is a myth, it is merely an assumption based on a line in a ledger.
The only "surplus" is in the fact that more money comes in from SS taxes than is given out in SS payments. The "extra" money gets spent right away by the President (note: any President, not just Bush) and Congress and then replaced with an IOU note.
A side issue that is extremely relevant in this debate is: spending. We also have to come up with a plan to control the blank check policy that has run rampant in our gov't for decades and decades.
My proposal: gov't spending equals revenue, no more, no less. Revenue goes up 4%, gov't spending goes up 4%. Revenue goes down 4%, then spending must go down as well. We have to live this way. Companies have to work this way to survive. Why don't we force our gov't to do the same?