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| quote: | Originally posted by MisterOpus1
The trouble is I don't really see how we can't avoid a tax increase of some sort if we do go to the privatization plan - how else are we to cover the expenses of transition, let alone continue funding the Old system, as you put it? |
Suppose Dubya pulled a wild-card out of his ass and tried to reinstate the 30 year? Suppose he tried to push some massive 50 year, high-yielding, treasury issue to fund it, in grand American fashion of course. Would that even be legal? In the spirit of Social Security, they could call it the "Pinning today's problems on tomorrow's America" bond. Not that I'd support that, but somebody, somewhere is gonna have to start thinking outside the box on this. Maybe they could tie it to education promotion or job training or something else that sells well.
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And now the nail in the coffin:
The Nelson Amendment:
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What political book you been readin'? The door is wiiiiide open. The subjective debate of what constitutes deep and massive could tie up the senate floor for years!
| quote: | What's the nail? The 5 Republicans who signed it too - Collins, Snowe, Dewine, Specter, and Graham. They jumped ship and fast.
Who knows - this might come up again after '06. But for now, the Republican Senators and Congressmen are protecting their own interests by trying to get re-elected. |
Sadly, yet in typical politician fashion, in their "efforts" to constantly cover their own asses, they end up giving all of us the proverbial collective dick up our ass. Here's to 2006
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