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The Social Security Debt Filing Cabinet (a.k.a. "The Trust Fund").


THE PRESIDENT: See, what's interesting is a lot of people believe that the Social Security trust is -- the government takes a person's money, invests it, and then pays it back to them upon retirement. It doesn't work that way.

MS. CHAPMAN: That's right, that's exactly right.

THE PRESIDENT: This is what exists. And it's very important, then, to make sure that in the future that there's real assets for retirees.

...And my message here in town is that we have an obligation to take the system that Franklin Roosevelt created and make it work for a younger generation of Americans. I'm looking forward to working with Congress to do that. That's what the American people expect. They expect us to modernize the system.

Posted by Will Franklin · 6 April 2005 12:14 PM


The first time I heard of the Soc. Sec. Crisis was my freshman year in college - 1961. we solved the problem then by tripling the tax from $50 to $150. Then LBJ said the crisis had returned; we solved again with another tax hike; from $150 to $300. The crisis has come back twice more since then and each time it has been "solved" with a massive tax hike. (If the 200% increase we got from JFK was not massive please define massive). Bob Dole split SS into two programs to provide more jobs for government workers in 1984 and raised the limit on one of the two Soc Sec taxes to infinity (the lazy eight). How many tax hikes do we need to see fail to bail out this dysfunctional system before we get the message that they do not work?

Posted by: Rod Stanton at April 6, 2005 01:06 PM

Amen! I think it is past time for reform. The elected officials who want Social Security are really saying to the hard working people of America, We don't have a clue of what to do about it ...They don't appreciate the fact that we have a Great President who is willing ,ready, and able to try to get to work and fix it! So they have to scare the elderly into believing, the GOP and G.W.Bush is going to take your S.S away! NOT TRUE...
Every possible way to block G.W. Bush from doing his job is what the democrats have imposed upon the American people. Typical political partisan junk! Out with the old ways, and in with the new!

Posted by: Zsa Zsa at April 6, 2005 01:56 PM

What do the judges think?

Posted by: Ralph at April 6, 2005 05:35 PM

I think this judge says lets get rid of Social Security! Social security is an old idea that has never helped any of the people who depend on it! It is basically PAY MORE AND GET LESS... HMmmm! Is there something wrong with that? You don't have to be a rocket scientist to know social security is lame! I really liked those calculators!

Posted by: Linda at April 6, 2005 08:04 PM

THE SOCIAL SECURITY TRUST FUND... Trust funds conjure up ideas of wealth for most of us. This is not how it works with social security. Just look at that picture. Every picture tells a story , Just take a look. Social Security is a sad sad story !!!

Posted by: Linda at April 6, 2005 08:16 PM