On Thu, 17 Mar 2005 13:43:22 -0500, DSK wrote:

Jeff Rigby wrote:
LETS GET REAL HERE!! The real reason the Democrats are against ANY plan
for PRIVATE savings is because THEY CAN"T SPEND that money.

This is "getting real"?

It is if you're not politically blind to the motives of those most
opposed to private saving accounts.



... The reasons the
Republicans are for this is 1) They believe it will benefit the public,

And you want to call other people "politically naive?"


2) It robs the democrats of money they need to buy their power base.

You forgot 3- increases campaign contribution to favored Republican pockets.


Like whom? The people who own the accounts?

... It
shrinks the size of the federal budget.


Ya think so? Gee, I guess you know more about it than Greenspan, who
said it would increase spending and contribute to larger deficit(s).

I want you to explain to the class how diverting a portion of the SS
tax money, already being collected, into a privately maintained (and
interest bearing) account would increase spending? The money is
already coming in, and it stands to earn a larger return for the
individual over the long term.

Now, the only thing that would suffer is the general SS fund. But if
you reduce the SS fund pay out to the people who opted to use the
private accounts, it should turn out to be a wash. Unless of course,
you are one of those government types who like to raid the SS fund for
projects not related to SS. If that money is no longer available to
be raided, then I guess it will cause spending in other areas to
increase. But they shouldn't be raiding SS in the first place.

Dave