|
No, KMA, Yakk is partially right. It is true that this debt has accrued over several administrations: Reagan, two Bushs, and a Clinton. But the fact that Bush has spent so outrageously as to absolutely nuke the deficit, I mean, really, really just spent like Paris Hilton on a bender, is what our biggest problem actually is. Not that the SS trust fund will go bankrupt - because even if the government never pays back the money, people will still receive about 80% of benefits. SS will never be going bankrupt, it just won't be able to pay out full benefits in around 50 years.
But Bush's ginormous debt is what prevents the government from scrounging up enough money to repay SS or at least cover any benefit shortfalls that start 50 years from now.
__________________
"You have reached Ritual Sacrifice. For goats press one, or say 'goats.'"
|