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Originally posted by 27jd
I was thinking the next "crisis" may be domestic terrorism
The Social Security System is in no danger whatsoever of going broke, or even of having to pay out less than full compensation for at least 50 years. There are any number of statistical models and premises one can argue about here, but when the administration begins with a premise that requires fixing Social Security based on an extrapolation to infinity, you know you are not dealing with people who argue in good faith.
Originally posted by Phoenix
This article should most definately be in the OP/ED area if it is even considered news of any sort.
Originally posted by soficrow
The quoted articles says, "According to President Bush's own Commission to "Strengthen Social Security," the administrative costs of keeping track of private accounts will be 10 to 30 times the cost of administering the current system. "
...You don't think this is important news? Or is it just that the real information doesn't toe the party's propaganda line?
The $2 trillion "transition cost" is not a new cost; it is simply turning an implicit cost, future promised benefits, into an explicit one. It is akin to refinancing a mortgage and paying down some of the principal today to lessen the monthly payments in the future.