| Council Member Join Date: Sep 2005 Location: Michigan, Near Detroit Posts: 1,029 Level up: 50%, 101 Points needed | | Quote: |
Originally Posted by ridinhighspeeds I've never heard of the backup money that was supposed to be "paid to SS"??
Also, how is spending everyones retirement money a better practice than going into debt?? The money should NOT be spent on anything other than the social security of every American citizen. Common sense. | This link will help you understand Clinton's budget surplus. Clinton did not spend the surplus, and stated that he believes it should be used to pay for social security. Bush did not use it to pay for social security, but instead spent it as though it were part of his usual tax dollars.
The reason I say that it is generally better practice to use social security tax dollars to prevent debt is because interest on debt accumulates much faster than interest gathered on money invested. That is, if the government went into debt, it would lose more money than it made from the interest of investing the social security money, and this loss would eventually have to be repaid by the taxpayers in the form of increased taxes. -Jaxian |