Are you Democrats happy that you screwed the rest of us on Social Security?

[Chredon]

Thank you for once again proving that NeoCons can neither read nor do math.

If we had adopted the President's Social Security plan, the net difference between what we would have had and what we DO have is that about 10% of the work force would have started putting 7% of their FICA into the stock market beginning in 2006. By no stretch of the imagination would that have made social security solvent by now.

The problem with Social Security is the same as we are seeing with lots of pension plans for major corporation today: they were instituted as 'pay-as-you-go' systems and no one was paying attention to the trends in retirement ages, life expectancy, inflation, and globalization. So the government took the money out of Social Security a spent it (and both parties are equally guilty on this point), and now they have nothing with which to pay the retirees.

And while the Dow is up, the single biggest issue that will make it impossible to cover our social security costs is the national debt, which has doubled under this administration. Because of them, the US government will have to pay and additional $250 billion every year in interest on the increase in the debt since 2000. Now, if we had an additional $250 billion dollars every year, I think we could cover social security. Don't you?