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Edited on Sun Feb-27-05 10:39 AM by berniew1
The only problem with SS is that BushII, BushI, and Reagan have robbed trillions of dollars out of the SSTF to pay for increased military spending while also giving huge tax breaks to their rich friends and contributors. This year Bush has stolen $250 billion out of the TF to fund his wars and his big tax cuts, that he wasn't willing to pay for through taxes. Similar for previous years and same during Reagan and Bush years. And additionally they have created huge "off books debt" such as the Savings & Loan bailout, Fanny Mae, and other GSEs to cook the books and not show the huge debt as part of the national debt. The money stolen from the SSTF by these 3 that Bush clearly has no intention to pay back through taxes is the only problem with SS currently, and that should be the focus of attention. What to do with the trillions that have been transferred out of the SSTF to rich people in return for their support of the Repub administrations. These funds came out of the contributions of myself and my generation. Now these recent radical and unethical Repub presidents have stolen the money from it and created a huge problem that we must face. Do we pay back all of the huge amounts that were transferred to their friends or reduce our generations SS benefits. And if the answer is pay them back(as was the original intention of the program and past administrations before Reagan), who pays? Those who the funds were transferred to, or the poor and middle class tax payers. The periods under Reagan and the Bushes have been the periods of the largest transfer of wealth from poor and middle class to the rich in the U.S. and the greatest difference in wealth between rich and poor in the U.S. in history. We are approaching a distribution very similar to banana republics. So why doesn't the public understand this and wise up? We can't afford to go on in this direction much further.
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