2007-07-26 12:55:08 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
Because it doesn't fit in with the Republican future vision of wage slavery and dependence on corporations.
2007-07-26 13:01:40 · answer #1 · answered by Anonymous · 6⤊ 2⤋
It's not Bush my friend, it's government period!!
Every cent that the American people pay in FICA payroll taxes is immediately spent. Anything left over after the current retirees are paid off goes into the general treasury where it is used, first, to make up any operating shortfall, and then to pay the government’s creditors. The Social Security Trust Fund is credited for that money in the form of nonnegotiable bonds that purportedly earn interest.
What if there was no trust fund at all? When FICA revenues fell short of retiree benefits, as they will in about 15 years, the government would have four options: cut benefits, cut other spending, raise taxes, or borrow.
But under the current system, when revenues fall short the government will still have to cut benefits, cut other spending, raise taxes, or borrow.
In other words, there’s no difference between having the trust fund and not having it.
2007-07-26 20:08:59 · answer #2 · answered by CommanderJim 4 · 0⤊ 0⤋
The social security trust fund has been being destroyed since the Johnson Administration when he started the practice of raiding the "trust fund" to pay the government's bills. Every President since has used the policy of taking social security revenues and using them on other things.
Social security is not a viable program in its current form because it lacks means testing, a reasonable retirement age in respect to the average death age of the population, and the impact of other social programs.
2007-07-26 20:00:52 · answer #3 · answered by The Stylish One 7 · 2⤊ 1⤋
Social Security Trust fund? You better go look that one up. It doesn't exist and has never existed.
2007-07-26 19:59:50 · answer #4 · answered by msi_cord 7 · 3⤊ 1⤋
There is no such thing as a Social Security Fund, It is a general fund that gets robbed by any cause the goverment so chooses .
2007-07-26 20:01:16 · answer #5 · answered by Anonymous · 3⤊ 2⤋
What social security trust fund? lol
Why do people think there was ever one to begin with? They've been spending it faster than they can rake it in.
2007-07-26 19:59:06 · answer #6 · answered by freedom first 5 · 3⤊ 1⤋
Let's see...How about funding this useless war in Iraq, for starters. Our president is a puppet for the ultra-rich corporate moguls in this country. All he cares about is making them happy, and they are...especially Halliburton and Exon Mobile.
2007-07-26 20:05:53 · answer #7 · answered by Anonymous · 1⤊ 1⤋
Because he wants all of that taxpayer money to go to private accounts if they go anywhere at all, so all of that money will end up in the hands of the rich and our seniors can eat dog food.
2007-07-26 20:00:36 · answer #8 · answered by The Doctor 3 · 6⤊ 3⤋
It's not President Bush, it is congress, they have been doing it for years!~!
2007-07-26 20:02:11 · answer #9 · answered by Anonymous · 2⤊ 4⤋