Clogging of reason
Check it:
So in 2018, when the Social Security program tries to redeem these bonds, the Treasury (having already spent that money over the previous 35 years) won’t be able to repay Social Security from any pre-existing store of cash. Taxpayers will be forced to pay extra taxes in order to fund Social Security’s 40 million retiring baby boomers."
The plan currently being tossed around by the Bush administation involves borrowing trillions of dollars to privatize accounts. Can we then argue that taxpayers will be forced to pay extra taxes in order to cover the costs of the Bush privatization plan?