Post by taxed on Mar 12, 2005 7:59:26 GMT -6
Social Security will start losing money in 2018, according to W. By the 2040's it will not be solvent. That is bad and needs to be corrected. But, shouldn't we solve the problems of today first?
With healthcare becoming more unaffordable and medicaid being a trainwreck that is going to get worse. Plus. The federal trade and monetary deficits are beginning to "slam" our economy, I believe these items should be stepping stones before we fix social security.
Especially since, if we privatize social security right now, the government will have to borrow 4% of everyone's payroll to pay for those age 55 and over. Adding trillions to an already out of control debt. This makes our dollar less attractive to foreign investors. Causing interest rates to rise and effectively killing buying power in America. This will probably happen to a point next year, anyway. With the new medicare prescription program going online. Our drug companies will continue to be the only business to make record profits in the coming years. And they are the ones raising prices double digits year after year. I guess it pays to donate to the right presidential candidate.
With healthcare becoming more unaffordable and medicaid being a trainwreck that is going to get worse. Plus. The federal trade and monetary deficits are beginning to "slam" our economy, I believe these items should be stepping stones before we fix social security.
Especially since, if we privatize social security right now, the government will have to borrow 4% of everyone's payroll to pay for those age 55 and over. Adding trillions to an already out of control debt. This makes our dollar less attractive to foreign investors. Causing interest rates to rise and effectively killing buying power in America. This will probably happen to a point next year, anyway. With the new medicare prescription program going online. Our drug companies will continue to be the only business to make record profits in the coming years. And they are the ones raising prices double digits year after year. I guess it pays to donate to the right presidential candidate.
