@dyslexia,
dyslexia wrote:
so okie, you would vote no for social security? btw okie Dwight instituted the interstate highway system as a defense mechanism for military use in the event of nuclear war with the ussr, not to give you good roads. (it was also a jobs program during the Eisenhower recession).
Yes, I would have voted no on social security. Do I believe in a safety net for the most helpless and unfortunate, yes, so I would have advocated an alternative to it. Would I disband social security now, no, because we cannot go off of it cold turkey, its a bit like a drug addiction, as we have all placed our money into the system and we now deserve some of it back, and too many people have come to rely upon it being there for them, even though originally it was clearly stated to be a "supplemental" program. Clearly though, just as Ponzi schemes ultimately collapse after they look good for a while, we have not seen the ultimate negative downside to this program, it has sapped alot of money out of the economy, then spent without much return on the money, and ultimately it will go broke or we will all go broke trying to fund it. To truly assess the wisdom of this program, you will need more than a few decades to evaluate its ultimate benefit and destructive aspects as well. We have not yet reaped all of the destructive aspects of it, just as people that borrow money to buy something, it looks good for a while, until they go bankrupt unable to pay off the loan. That could be what will happen to us in the future. Although it appears it has been very beneficial so far, the ultimate debt that it builds could literally wreak more havoc than anyone foresees right now.
So the only thing that could be done to fix it is to try to tweak it in various ways, by slowing the rate of growth of benefits, raising the retirment age slightly, or increasing the cap on earnings from which the deductions are taken. Further, a portion could be privatized, but only following strict guidelines for this, similar to what Bush tried to do, but was stopped by Congress.