The Reality Of The Social Security Trust Fund

  •  February 27, 2005

Those who are opposed to President Bush’s Social Security reforms often tell us that there is no crisis facing the program. In support of that statement they tell us that the date the President has given us for when Social Security will reach critical mass, approximately a decade or so from now, is really just the point at which Social Security will cease to have a surplus and will have to start paying out of its trust fund.
Which sounds reasonable enough, until you find out what exactly this “trust fund” is all about.

PARKERSBURG, W.Va. – The Social Security trust fund really does exist –

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  • http://sayanythingblog.com/ likwidshoe

    Gary Gunnels said, “SSI should be completely privatized as Chile’s pension is.”

    Baby steps Gary. The thought is, when Americans are allowed to control a piece of their Social “Security” and they see the difference in return rates, they’ll demand more and more control over their own money. It’s the “getting one foot in the door” idea.

    Totally privatizing it right now won’t fly politically. It’s not going to happen like that. And people wonder why Republicans don’t vote for the Libertarians.

  • Gary Gunnels

    What the Bush administration will do is to create an entirely new layer of bureaucracy charged with running these “private” accounts (they they are indeed private is a myth). That bureacracy will control the accounts not the individual citizen. This is just more big government Republicanism. Just like “No Child Left Behind,” the medicare bribe, the FMA, etc.

    Why don’t Republicans just drop the pretensions of being the party of limited government? Because clearly they are just a clone of the Democrats.

  • Gary Gunnels

    If its anything like what Bush is trying to pull numbers-wise with Medicare there isn’t much reason to have faith in “Dear Leader” Bush. Of course the WaPo doesn’t come out looking all that great either.

    http://www.reason.com/hod/mc022805.shtml

  • Gary Gunnels

    likwidshoe,

    This isn’t baby steps in the direction of privatization is the problem. Which of course I’ve already stated at least once.

    Republicans don’t vote for libertarians because Republicans are largely socialists.

  • Gary Gunnels

    The President’s plan is stupid. SSI should be completely privatized as Chile’s pension is. Instead we get this conservative big government program which only promises to create another layer of bureaucracy. And people wonder why libertarians don’t vote for Republicans.

  • Gary Gunnels

    Republicans have been telling us since at least 1980 that “things are changing.” Eventually such snake oil prophecies fall on deaf ears. The government is more intrusive than its ever been and attacks on our liberty are more intense than ever and much of this has occurred when Republicans were dominate in at least one of the branches of government. The “reform” suggested by “Dear Leader” Bush is just more of the same crap.

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