They have been complaining about the fact that Congress failed to keep Social Security funds in a lock box. This is what is taking place. In 2005 Bush reported an Annual Deficit of $420 Billion. However the National Debt increased by $620 Billion. That was the $420 Bush acknowledged and the $200 Billion in IOU's that the Treasury issued to Social Security and Medicare for the Surplus those two funds experienced in 2005. ALL of the Trust Funds for both Social Security and Medicare are these IOU's issued by the Treasury. In fact there was a news clip earlier this year that showed Bush in Virginia looking at the rows and rows of vaults that contained the IOU’s issued by the Treasury which are the trust funds. The Social Security Trust fund is about 1.6 Trillion. I believe the Medicare Trust Fund is about a Trillion.

You seem to forget a very important fact. All those IOU's didn't come overnight by President Bush. So spread the blame around.

Drmiler

You are correct other administrations have done this. However, Bush has, by far, added more of these IOU's then ANY OTHER PRESIDENT. What is more, his fiscal policy will NEVER end this process! We will never get to a balanced budget following the Bush policy!

However, Bush has, by far, added more of these IOU's then ANY OTHER PRESIDENT

You have just proven your obsession with Bush. You don't care that others have done it, only that Bush has done it as well. All others don't count right? This is the reason no one follows your logic, you only want to blame Bush for this. Who cares that others have done the same, who cares that others did not solve the problem before, Bush is all that matters right?

Do you realize that your only solution to fixing the SS problem is to make us pay more taxes? What happens when SS eventually catches up with those taxes again and we once again find ourselves at 3.5 people working for every retiree soon heading for 2.0? Raise taxes again? All this is is a patch job. We need a real solution that will last many generations, not something that will only repeat itself all over.

They have been complaining about the fact that Congress failed to keep Social Security funds in a lock box.

This is a very good point! An excelent point! The only problem with your point is the term lock box was something that showed up in the 2000 elections. Nice of you to blame the current President for the failure of the last President. I shal repeat what I posted before and ask you explainantion.

The first baby boomer president traveled the country to warn that his generation's impending retirement, 76 million people [who think the world revolves around them] would bankrupt the generations to follow. 'It would be unconscionable if we failed to act,' President Clinton said at a forum in 1998 when he made fixing the nation's retirement program a top priority in his second term. Clinton's efforts then, in light of President Bush's now, induce an extraordinary sense of déjà vu. Clinton appointed a bipartisan commission which delivered in '97 three options to save the program. They included a now familiar list of possible benefit cuts from changing indexing formulas to changing the retirement age, and one of the options would have allowed workers to divert five percentage points of their payroll taxes to personal accounts, the first such proposal by a government commission.

Vice-president Gore I think came up with putting the money in a lockbox.

So if Mr. Bush is the reason for social security going broke why is it that Mr. Clinton was publicly trying to save social security in 1996 through 2000? You never answered the fact that social security was projected in 1995 to go broke in 2005.

That was the $420 Bush acknowledged and the $200 Billion in IOU's that the Treasury issued to Social Security and Medicare for the Surplus those two funds experienced in 2005. ALL of the Trust Funds for both Social Security and Medicare are these IOU's issued by the Treasury.

Yes, because Congress took the money in the 60's and never made any provision to pay it back until Mr. Bush came into office. Untouched the fund would have gone broke in 2005 as stated many times before. Seeing as President Clinton did nothing to save the fund it must be the next president that saved it so far as we are almost in 2007 one year past the projected year the fund would go broke.

What is more, his fiscal policy will NEVER end this process! We will never get to a balanced budget following the Bush policy!

This is the same thing they said about Mr. Reagan and his tax cuts that were paid off in ten years not the 150 years the Democrats said it would take.

Charles C

Yes the only way to fix something that does not have enough money is to add more money. We have made promises as a country to millions of people who have worked and the Social Security taxes they paid went to pay the retirement of those that came before them. Now they expect the same promise to be kept.

The fact that Bush is responsible for MORE IOU'S then any other President is a FACT not an obsession.

The fact that Bush is responsible for MORE IOU'S then any other President is a FACT not an obsession.

It's an obsession when you ignore what was posted to you and still go and blame Bush.  For some reason col you refuse to acknowledge any failures by anybody else, especially democrats. 

Charles C Yes the only way to fix something that does not have enough money is to add more money. We have made promises as a country to millions of people who have worked and the Social Security taxes they paid went to pay the retirement of those that came before them. Now they expect the same promise to be kept. The fact that Bush is responsible for MORE IOU'S then any other President is a FACT not an obsession.

So now JU has it's very own "barking moon-bat!

Island Dog

I did not ignore what was posted. see the beginning of my answer below:

"You are correct other administrations have done this."

Drmiler

I am one that tells it like it is. You are one that lives in a state of denial.

I bet your parents received their Social Security. What enabled them to get that money were people like me paying Social Security Taxes that went up just about every year so they could receive their retirement. Now that I am retired, I expect the same thing of the people that are working today. Charles C is 100% correct-- That will require higher taxes to pay the benefits to the Boomers!

I am one that tells it like it is. You are one that lives in a state of denial.

One-sided is how you tell it col.

I sight Facts that you and the other Bushies do not want to acknowledge. That does not make the facts I sight any less true!

I sight Facts that you and the other Bushies do not want to acknowledge. That does not make the facts I sight any less true!

It's "cite" col.

We have debunked most of your facts col and you refuse to accept that.  Just look at your tax threads where people directly countered your rhetoric and you completely ignored it.  There is more to this country and world than Bush.  You need to open your eyes and see that.  Bush does not control your life the way you try to claim he does.

I sight Facts that you and the other Bushies do not want to acknowledge. That does not make the facts I sight any less true!

You are correct, the fact that we can't find these so called facts is what makes them seem less than true.

I bet your parents received their Social Security. What enabled them to get that money were people like me paying Social Security Taxes that went up just about every year so they could receive their retirement.

Don't you wish you understood the topic? You are supposed to pay into your own ss account. others are not supposed to pay your retirement you are. Don't you get it? The money has been pissed away so long ago that it is almost to the point that if it is not fixed in just a few years it can't be paid back without making a serious hardship on the nation. Why? Because your lovely Democrats blew the money 40 years ago and never even attempted to pay it back until the Republicans took power 12 years ago then it became important to fix SS. You did not care when you were working to ensure SS was funded why should you care now?

That is NOT how the system was designed.