http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050115/ap_on_go_pr_wh/bush_social_security
What happens when the workers who are supposed to help pay for the latter stage baby boomers now in their 50's divert 2/3 of their SS payments into PRIVATE ACCOUNTS?
Given current budget deficits, adding $2 trillion if Bush has his way in passing this reform, will certainly help to push up interest rates and help push an already imbalanced budget to tilt.
Anyone is lying if they don't fess up that raising the age one can collect SS and or decreasing the payments is a given! Isn't the GOV already doing some of that when it reports the CPI is up a marginal amount?
WE ALL know the truth when it comes to increases in the cost of things. This is going to be one ugly second term for this President, where we will see loyal Republicans revolt against their own party.
Duratek
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