Putting the Social Security trust fund back together is definitly the right move. It is currently in the general fund and they are blowing it, I have heard that it would have trillions in the account if it had been left in a trust and not blown thru these years.
2007-07-13 15:01:47 · 16 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Yeah it was originally in a trust fund but was taken out so they could pay for the Vietnam war and has never went back, it is now deposited in the general fund to be spent on whatever the politicians want and he also said that he would set it up for those who want to option out so hey that is good it gives you choice.
2007-07-13 15:12:14 · update #1
The problem can and should be fixed. Ron Paul would do it. There needs to be a desire to fix something for anything to get done and obviously no one has wanted to be accountable to this stealing of our money. The government finds money for disasters and wars and could replace the money if they chose to and would if we held them accountable for this. Instead of nation building around the globe why not nation built here at home first. Go Ron Paul
2007-07-13 17:30:29 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The difference between Ron Paul & the rest of the politicians is, Ron Paul is an EXPERT economist.
I think many of the other politicians studied law & politics, only.
The Japanese postal retirement fund {Worth somewhere around 4 trillion dollars?} was/is a fund set up outside of the Japanese governments control and collecting interest.
I have heard that some of the interest the Japanese collect is the interest paid on U. S. Treasury issued debt.
T-Bills, T-Notes, etc. but I haven't heard an up-date in a long time.
So, in my opinion, Ron Pauls idea is a winner.
An example:
The S. S. trust fund after a few years has we'll say, several billion dollars in it.
A local government like New Orleans has a major disaster and needs to borrow say 5 billion for the repair of infrastructure in their city. They let the people of New Orleans vote on borrowing 5 billion for say 20 years with a low rate of interest. The people agree and their tax burden goes up slightly.
The trust fund is helping the people of New Orleans & at the same time recieving interest payments and growing.
Sounds good to me!
Ron Paul is 'The Man'!
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2007-07-13 15:37:15 · answer #2 · answered by beesting 6 · 1⤊ 1⤋
What you are seeing is a result of poor planning by Democrats back before the Republicans took Congress from them in 1994. As far back as LBJ Democrats started using SS to balance their budgets. They kept expanding social programs more and more and raided SS more and more to keep the national debt down. They still managed to build up a 6 trillion dollar debt. Back then they were using creative financing WorldCom and Enron executives would be jealous of, and if they were a public company Congress would have been thrown in jail. What would make more sense than Ron Paul's plan for SS would be to take the SS excess that exists today and make reasonable loans to homeowners who are now in trouble. They wouldn't be ARMs and could be bringing in money.
2016-05-17 07:07:42 · answer #3 · answered by cara 3 · 0⤊ 0⤋
Didn't Clinto have it in a locked box..or was that Al Gore.
Talking down to us. Was it ever in a trust fund. Not sure,
I know its a terrible return on invest. If you were able to just
take those dollars and pay for your house, you would have more by the end of it. Hell savings bonds would pay more.
I guess it depends on where you live.
2007-07-13 15:07:27 · answer #4 · answered by Rick D 3 · 0⤊ 0⤋
There is and never has been a SS trust fund.
All SS excess revenue has always been used to purchase US Treasury Bonds.
Whether in the 1960's or now.
What would you rather have SS invested in ?
The Stock Market or Treasury Bonds ?
2007-07-13 15:33:46 · answer #5 · answered by jeeper_peeper321 7 · 2⤊ 0⤋
Yes I heard that too. Sounds like a good idea and something that should've been done long ago. Thats our money and it should never have been used as a personal line of credit for the government.
2007-07-13 15:06:41 · answer #6 · answered by Enigma 6 · 5⤊ 0⤋
Why doesn't he want social security to be privatized? Ron Paul is still for big government.
2007-07-13 15:41:00 · answer #7 · answered by Anonymous · 0⤊ 1⤋
He's just spitting in the wind. Try looking into privatization. Funny isn't it that our esteemed elected officials enjoy privatization of their SS, but they won't allow us to. I say what is good enough for them is good enough for us.
2007-07-13 16:39:29 · answer #8 · answered by Quetzal 3 · 1⤊ 0⤋
Fantastic....Social Security should never...ever have been something the chuckleheads in Washington could put their thieving hands on.
2007-07-13 15:05:13 · answer #9 · answered by KERMIT M 6 · 7⤊ 0⤋
he won my 2 Republicanpolls
2007-07-13 15:04:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋