[rextorres]

Originally posted by General Woundwort:
Conspiracy or no conspiracy, social programs are bankrupting the country. Medicare, Medicaid, and Social Security, not the Defense Department, are what will wreck the budget. Just wait till all these boomers start retiring. Then who's going to be earning the massive amounts of money required to pay off this Ponzi scheme?

The only comfort I have is in watching all these "Don't trust anyone over 30!" types growing old, and making utter fools of themselves trying to cover it over and deny it. Or is it a co-incidence that Viagra just got invented in the Last 5 years?

It's mystery to me why people forget that the money being collected for these social programs via the payroll tax is being spent on non social security items. When I listen to rush, sean, and bill I always wonder why they conveniently forget this. Do you think it's because they make millions of dollars? Makes you wonder.

Anyway no one likes to remember but there is a huge surplus in the money collected via the payroll tax and if it were not spent to fund things like a tax cut then there would be plenty of money for the baby boomers. That was what the "lock box" was all about.

The fact of the matter is the two biggest line items that are breaking the back of the budget are the $400B or so spent on defense and the interest on the debt which is around $350B. There is lots more money coming in to pay for social security - via the social security tax - and what's left gets spent instead of being set aside for the future.

That's why Bush's budget either HAS to be a cynical ploy to get votes now or a conspiracy to end social security.

[ October 01, 2003, 04:15: Message edited by: rextorres ]