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If Bush had been successful privatizing Social Security would we be bailing it out right now?
12-22-2012, 11:37 PM
Post: #15
Roderick B Offline
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Yes, it was far too late for any partial measures. I read (can't remember where) that Social Security was supposed to be fully privatized on January 1, 1965! But sometime in the '50s the congress changed the rules, they did not want to give-up the "free" money. Those Bonds people talk about ,the "IOU"s, are discretionary! The congress can at any time void them.
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Messages In This Thread
[] - crunch - 12-22-2012, 11:37 PM
[] - Obama W. Bush - 12-22-2012, 11:37 PM
[] - Aleferny - 12-22-2012, 11:37 PM
[] - Wooglet Voot - 12-22-2012, 11:37 PM
[] - The Breeze - 12-22-2012, 11:37 PM
[] - Jw B - 12-22-2012, 11:37 PM
[] - truthistrue8 - 12-22-2012, 11:37 PM
[] - Patrick B - 12-22-2012, 11:37 PM
[] - JMB - 12-22-2012, 11:37 PM
[] - Mephistopheles - 12-22-2012, 11:37 PM
[] - whip - 12-22-2012, 11:37 PM
[] - zaza - 12-22-2012, 11:37 PM
[] - G-man - 12-22-2012, 11:37 PM
[] - Roderick B - 12-22-2012 11:37 PM
[] - correrafan - 12-22-2012, 11:37 PM
[] - CAPTAIN BEAR - 12-22-2012, 11:37 PM
[] - crookedbed895 - 12-22-2012, 11:37 PM

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