Re: Atheists: America's most distrusted minority

On Sat, 10 Jun 2006 14:38:57 +0000 (UTC), Kurt Ullman
<kurtullman@xxxxxxxxx> wrote:

In article <4f036aF1fp34dU1@xxxxxxxxxxxxxx>,
Rob Perkins <rperkins@xxxxxxx> wrote:


Using a quickly vanishing paper-money metaphor, then, in order for the
government to get that money back, and replay the bond obligations to
Social Security, it's going to have to do one or both of two things.
One, create an economic environment where taxes can eventually be raised
to repay the bonds. Two, print more money.

There is a third, cut back benefits. There is ample precendent for
that, seeing as to how I can't retire until 67 or so.

Wouldn't work, because those bonds are owed to Social Security either
way and the accounting for the systems is separate. Which is exactly
why Roosevelt did that.

Honestly I expect that Congress will wait until the system really is in
crisis (unlike the false crisis raised by the administration this year),
and then they'll print more money. Or decide to default on some
government debts.

The crisis is still real currently. What you are looking at as crisis
is the final meltdown...

Huh? Are you actually still insisting that Social Security is in
crisis, when it's the best financed program in government, continues
to generate a surplus, and at worst will face a minor revenue
shortfall many years from now, a shortfall that is minor by historical
standards and can easily be headed off by raising payroll taxes or
cutting the scheduled /increase/ in benefits while still leaving
recipients with more after inflation than they're getting today?

--
Josh

"I'm not going to play like I've been a person who's spent hours involved with foreign policy.
I am who I am." - George W. Bush

.

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