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teamfocus
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Mana: 
 Posted: Thu Nov 11th, 2004 01:05 am
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Now he want's to Fuck this up even more than it is already.

http://news.yahoo.com/news?tmpl=story&u=/ap/20041111/ap_on_go_pr_wh/second_term_social_security_5



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RPIJG
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Mana: 
 Posted: Thu Nov 11th, 2004 01:24 pm
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of course he wants to do this, but he has no idea how to implement it. IF he allows this to happen then he'll have to raid the Social Security Trust Fund in order to continue paying the beneficiaries the same amount, because you can't cut intake without either cutting output or getting the intake somewhere else. Essentially, the government is going to have to borrow money in order to do this, money it already doesn't have, so another blow to our increasing national debt. Another thing that he hasn't thought about is how privatizing is going to solve anything. All the private mutual funds who will see the most action for this are dreading the day this comes about because they are likely to lose millions of dollars in administrative costs on accounts that will be too small for them to make any money on. I don't think I've ever seen any worse fiscal policies out of one person in my entire life. Granted I'm short on the life side, but in all my years of schooling, there was never a more reckless spender in the white house. And I thought the Republicans were supposed to be the tight pockets? I thought it was those "liberals" in congress that were spending your money. Whatever.



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Team Focus - Come On In And Enjoy The Company! > Off Topics > In The News > Bush Moves to Privatize Social Security


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