Tuesday, June 10, 2008

Politics and Economic Planning

Steve Lamp has this to say about Barack Obama:
I like Barrack Obama. The problem is I disagree with his position on a wide range of issues. One of the biggest is Social Security. Like most Democrats, Obama is against privatization. In fact, he adamantly opposes it.
Steve goes on to briefly discuss the state of Social Security (as assessed by the Social Security Administration) and how Obama's solution to it amounts to sticking his finger in his ears and humming loudly.

What is most sad about the coming election is that we really need a candidate that wants to put the Federal Government's finances in order. Bush started doing this early in his first term by reducing the rate of government growth, but completely failed to follow up after 9/11. Neither Obama nor McCain have any record of slowing government growth or solving problems outside of massive government spending. Both of these are practically mandatory at this point.

The US government really needs to have our finances together by 2017. After that the SSA is going to start cashing in it's treasury securities. Which means money essentially comes out of the general fund to pay for social security instead of coming in from surplus SS taxes. That's a big deal.

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