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[OM] Re: [OT] US taxes, was: [ot] alternative fuels

Subject: [OM] Re: [OT] US taxes, was: [ot] alternative fuels
From: r.burnette@xxxxxxxxxxxxx
Date: Fri, 13 Apr 2007 23:49:03 -0400
There would be enough if Congress had not made the decision to toss Social 
Security
Tax Income into General Funds. If it had been left in a separate account and 
allowed 
to earn interest, it would have become sufficient. The problem is that Congress 
keeps 
spending the Social Security money on other things. But, why should they care? 
They 
receive a life time pension from a single term in office. It makes one wonder, 
if it is a 
case of enforced savings, why is Congress spending the savings of John Q. and 
Jane 
Public? Should that not be illegal?

Robert

> > From: Chuck Norcutt <chucknorcutt@xxxxxxxxxxxxxxxx>

> Some argue that the Social Security portion isn't really a tax; 
> it's enforced savings. But it is running a serious deficit, and 
> is currently sufficient only for paying current Social 
> Security payments. When the baby boomers start retiring 
> Real Soon Now, there won't be enough Social Security to 
> go around.

> 
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