Wouldn't the trillions needed to engage Bushit's SS plan

MsMagnificent

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Sat Mar-19-05 04:22 PM
Original message

Wouldn't the trillions needed to engage Bushit's SS plan

largely help out (if not completely wipe out) the deficit Social Security is supposed to accrue decades down the road?

Or am I missing something?

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stray cat

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Sat Mar-19-05 04:24 PM
Response to Original message

1. Only with massive benefit reductions

Edited on Sat Mar-19-05 04:31 PM by dmordue

The hope is that the economy will grow sufficiently to make up for the estimated 50% loss in benefits.

Sorry - I misread your statement.

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bryant69

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Sat Mar-19-05 04:24 PM
Response to Original message

2. Ah. But you see that wouldn't solve the problem permenantly

It might extend the life of Social Security for the next several hundred years, but it wouldn't solve it forever. Not the way ending social security would. I mean you can't have a social security problem if there is no social security.

Bryant
Check it out --> http://politicalcomment.blogspot.com

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Igel

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Sat Mar-19-05 04:34 PM
Response to Original message

3. That was Greenspan's point.

Currently there's a huge "unfunded liability"; he was in favor of making it "funded", i.e., actually on the books.

I don't think it would solve the long-term problem.

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applegrove

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Sat Mar-19-05 07:22 PM
Response to Original message

4. Yup. But we cannot actually say because Bush refuses to put it

down on paper. So we cannot actually effectively oppose or have a position. We do not know his assumptions, etc.

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