Algore preached about the "lock box" for well over a year way back in 1999 yet the congress, the media and the voters were deaf to the subject.
R:E Algore preached about the “lock box” for well over a year way back in 1999
One of the few things I agreed with Al Gore.
I wonder what might have happened if the lying, cheating embezzling bastards in congress had left the fund alone and actually kept it in a stand alone fund
It still would go actuarially bankrupt.
Fiscal responsibility just doesn’t translate to winning elections anymore. The producers have lost, the consumers have won. We will continue to print fiat at a rate which guarantees the power base of the Ruling Elite. Ultimately wealth will be confiscated, power consolidated, and there will be an ever-widening gap between the Ruling Elite and the proletariat.
Again, WHERE do you put the money?
HOW is it “invested”??
If the money goes into US Bonds, the money is SPENT, period!
There is NO way to avoid this fact, other than to “PRIVATIZE” and put the money in mutual funds or something, like Bush suggested.
The issue goes back well beyond Algore. When LBJ initiated his War on Poverty, he "unlocked" the "lockbox" and placed SS revenue in the general fund.
Congress has been having a field day spending the money as though it grew out of the ground like grass (or weeds, if your yard is like mine!).
Like so many other things, this is yet another bunch of worms that aren't going back in the can!!