#liberal as ever
02-Mar-95 08:59:41
Sb: #187099-#liberal as ever
Fm: Paul Idol 76375,1776
To: Karl F. Kugel 72467,2474
Many Democrats are fighting the amendment for a reason that I think is
justified, but not properly explained in the media. Social Security is a trust
fund. It's supposed to be running a surplus for now, because there's a large
group of working people who will be retiring in the future, shifting the
balance of workers to retirees. Those surpluses will be needed to pay out
benefits to those who have payed in. Making cuts in the Social Security
program – something I wouldn't necessarily oppose – is a very different thing
from diverting those surpluses to cover shortfalls in the budget. This is
something that has been done and that the Republicans are planning on a much
larger scale. When regular people do things like that it's called fraud.
There certainly is an argument to be made for cutting Social Security. Not
that it's a bad thing, just that it costs too darn much. When it was
established, it was helping a small number of poverty-level elderly retirees.
Now, there's a MUCH larger retired population, and as soon as the Baby Boomers
start retiring, that population is going to grow by leaps and bounds. It's a
partial myth that SS is a put-away-for-later system – in large part it's a
wealth transfer from the young to the old. When there are many young and few
old, it's not a burden. When the situation is reversed, it is.
Mr. Zombie – now 76375,1776 – no longer Warped