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[bob ford <bobford79 AT yahoo.com>]

I see what you are saying, Don.  But, I see no way, without a complete 
societal upheaval, that the gov't can "kill" SS.  Most of the people on or 
near retirement have paid into SS for years and have planned their retirement 
around the idea that SS will pay for some, at least; and , in some cases, a a 
large part of their expenses.  ....bobford


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--- On Sun, 11/9/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: [Homestead] SSI was:. "on the dole"
> To: homestead AT lists.ibiblio.org
> Date: Sunday, November 9, 2008, 1:01 PM
> The next major goal of the movement conservatives is to get
> rid of that last
> vestige of the Roosevelt era populism, the Social Security
> Check.  Reagan
> tried it with dire predictions and did not get far.  He did
> trim the edges
> with minor tweaks to the inflation numbers and appointed a
> commission headed
> by Alan Greenspan to "solve" the problem. 
> Greenspan's solution was a huge
> tax hike on American wage earners.  Money above current SSI
> needs were
> colleted and put into "special" government bonds.
>  During Bush I the huge
> deficients were starting to worry balanced budget
> republicans so they came
> up with a way to use the SSI funds to mask the true
> deficient.  These
> "special" bonds were not to be reported on the
> deficient but were reported
> on the debt.  Almost half of the $10.5T debt is monies owed
> to the Social
> Security Administration.  That is until this latest grab
> where payroll tax
> monies coming in are no where near half the $700B bailout.
> 
> The idea was that in a few years when SSI inputs lagged
> behind SSI outputs
> those bonds would be redeemed.  If as many seem to think,
> those bonds were
> not redeemed it would be a default on US bonds.  One reason
> they want rid of
> SSI is because the tax hikes needed to redeem those bonds
> will be huge.
> 
> I fully expect then to trim around the edges and to
> continue the attacks
> about how it will be useless in a few years but that is all
> an attempt to
> stave off those tax hikes.  If they can convince enough
> people that SSI is
> dead then they will have little problem killing it outright
> and save those
> tax hikes.
> 
> Don Bowen  KI6DIU
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
> 
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