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What Dole didn't say

The 1983 bipartison agreement on Soc. Sec. established an increased rate of contribution to create surpluses to cover future short falls [as est. in 2018 or so]. Almost immediately, the Reagan Ad. began to borrow on these surpluses to finance tax cuts and increased military spending.This is where the "IOU's"[Treasury notes] come from. Most of these "IOU's" result from the huge deficits of the Reagan and now the Bush Ad.'s. What's to compromise? If the gov. doesn't have to make good on these Treasury notes["IOU's"] then the increased contributions set up by the bipartison comm. in 1983 will wind up having been used to finance weapon systems and tax cuts[mostly for corp.'s and the upper incomes]  instead of covering the shortfall which it was intended to be for. If this winds up being the case the 1983 bipartison agreement will turn out to be a disaster if not out right bipartison theft! If I were Senator Dole I would not be bragging about being involved with this agreement. If Senator Dole was an honest broker he would be saying "of course we have to honor these Treasury notes since covering the future Soc. Sec. short fall was what the increased rate of Soc. Sec. contributions was intended to be for". I doubt that Soc. Sec. can survive another "bipartison agreement". After all should we all agree that the money has been stolen and past bipartison agreements mean nothing?        



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