Roger Kondrat
Hey Christian
It was a totally risky post, I just thought I would hang myself out there
and give my two cents to the discussion.
Scoble is big and whatever he does it will impact everyone so I tried to do
my part and map something out for him to think about and maybe it would
impact the end result in a positive way.
I know Scoble shares all the time, no doubt he is a good guy who takes a lot
of responsibility for things he isn't even close to being solely responsible
for creating.
Thanks for dropping by Christian :)
2008/7/23 Disqus :
Karoli
Christian.
For him to be correct, he would need to explain why social security funding has run in the black since 1976, and has reserves set aside of more than 2 trillion.
He can't explain it without clearly articulating that the bonds issued by the government and purchased by the trust fund have funded Bush deficits for the past eight years, primarily for the war. When Clinton left office the surplus was nearing the point of retiring those bonds.
For him to be right, one must acknowledge the complete failure of the Bush Doctrine as the 'ridiculous' program bankrupting social security.
The problem with the Ron Paul theory of governing is that it is predicated on the assumption that society is a collection of people with no moral or social obligation to one another, where individual is king. I disagree.
Karoli
I respectfully disagree. There are some real problems with how Social
Security is funded, but it is not an entitlement program. Welfare could be
called an entitlement, but not Social Security. The primary flaw in Social
Security is the pay-as-you-go funding arrangement, which has never been
permitted in the private pension system and shouldn't be permitted in the
Social Security system either. However, privatizing Social Security is no
answer at all. It doesn't address how it's funded or how benefits are
calculated.
While it's very popular to shrug and write off Social Security as nothing
more than an entitlement, it's actually much more nuanced than that. The
attitude of dismissal is partly responsible for the condition Social
Security is in. While the Congress is overly diligent about overseeing
private pension law and funding rules, it is equally lax about how Social
Security is funded and structured. Dropping that ball and handing it to the
private pension system is a grave mistake, as any participant in a Defined
Benefit plan provided by their employer can attest.