If the Bush Social Security plan had passed and then we had this economic crisis what would have happened?

[ohbrother]

Several have been bought out by private banking firms. This is what happens when you let the Government control it. This is what Clinton did after promising to protect it in his campaign. Every single time Social Security has been raided it was by a Democrat President and Congress and they have never replaced one penny.

Yesterday the Congressional Budget Office (CBO) released its preliminary re estimate of the White House budget. This follows the Joint Committee on Taxation's (JCT) re estimate of the Clinton White House's tax provisions last week. Together, CBO and JCT are Congress' official estimators -- nonpartisan entities that Clinton himself promised to use when he first took office back in 1993.

President Clinton has promised to protect Social Security, to reduce the debt to the maximum extent possible, to control spending, and reduce taxes. But, Congress' official estimators show that on all four counts, the President's budget fails. Instead, Clinton's budget raids the Social Security trust fund for $158 billion in five years, it artificially erases the surplus, it lowers the public debt less than doing nothing would, it increases spending, and it raises taxes by $89.7 billion over the 1999-2009 period.

Clinton Raids Social Security: According to CBO, Clinton spends $40 billion of the Social Security surplus in his budget's first year (2000) and $158 billion over the first five years (2000-2004).

This is the same Social Security surplus that he has promised to save in its entirety.

This is the biggest reason S.S. is in trouble. Clinton did not have a surplus. He left us in debt we are still paying for.

Social Security pays 1/2 to 1 percent interest. Pass book savings pay more. This is how the Democrats artifically make it look like they have a surplus. If your relative dies before the end of the month, even one hour before the first of the next month you will have to return the whole of their months Social Security check. That is what the Democrats did for the American people.