General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDoes everybody remember the "Lock Box?"
If memory serves (and it does) there was general hilarity and snark about Al Gore promising to keep Social Security funds safely tucked away in a Lock Box.
Just saying.
Cleita
(75,480 posts)It was our wonderful media who delivered the snark and made fun of Al Gore. Too bad Al, didn't have the wit to slam them with a proper riposte as I'm sure Bill Clinton would have.
Cooley Hurd
(26,877 posts)He was waylaid by his advisors who kept telling him to not attack Bush.
Cleita
(75,480 posts)Too bad. Even though he did win as it turned out. The Bushbots staged a coup and installed their unelected leader instead.
Cooley Hurd
(26,877 posts)...begging him to fight, but he was more worried about the non-existant "Clinton fatigue" than anything.
joeybee12
(56,177 posts)Off the ticket, the election wouldn't have been close enough to steal.
MADem
(135,425 posts)byeya
(2,842 posts)sentence at one debate. Keeping hands off SS was, and is, a good idea.
Blue Owl
(50,356 posts)But the lock box itself -- no joke there!
Samantha
(9,314 posts)He had to work extremely hard to overcome it. That is why his speech sounds so stilted sometimes. It always bothered me that so many people ridiculed such a smart man over such a small point when it stemmed from a problem not of his making.
I really try not to think what those eight Bush* years would have been like if Al Gore had been sitting in the Oval Office, as he should have been. It is just too sad to do so. This Country would not be in the mess it is in had it not been for that tragic Supreme Court decision.
Sam
HereSince1628
(36,063 posts)the idea was fine, but too late
And now we have TPTB looking for a way to stiff American retirees in order to avoid contributing taxes to pay for the money they borrowed
still_one
(92,187 posts)And still are
In fact most are just proxies for the GOP
Jack Sprat
(2,500 posts)This is why they have always avoided all challenges brought forth by those who have presented evidence of the theft. They realize how complicit they were.
City Lights
(25,171 posts)regarding Social Security.
ProfessionalLeftist
(4,982 posts)leveymg
(36,418 posts)Unfortunately for all Dems, Obama is one of them in his neoliberal economic policy. SS 'reform" has been his goal all along. This is a big reason why the Party Big Donors selected him and Wall Street was mostly for him, twice.
It's like, only Nixon could have gone to China.
alcibiades_mystery
(36,437 posts)Motherfuckers.
stevenleser
(32,886 posts)and to ask themselves if looking back at it, they think any damage they might have done to Gore was worth it now that we were saddled with 'W'.
That was before we knew just how bad it was going to get with 'W'.
neverforget
(9,436 posts)deficit and debt on the backs of seniors, the poor and the middle class. Austerity is all the rage nowadays.
fascisthunter
(29,381 posts)well, a big part anyways. Alles Klar, DUers?
Va Lefty
(6,252 posts)Warren DeMontague
(80,708 posts)Canuckistanian
(42,290 posts)I seem to remember the Pigboy ranting about this at the time, but I don't remember the reasoning behind the RWNJ claim that it was a bad idea.
Probably I don't remember because there was no coherent point to it.
Demoiselle
(6,787 posts)except perhaps the poopyheads (pardon my French) found Al Gore's delivery a subject for mirth. I've always liked him a lot, so I couldn't understand the hostility....but they did make a big deal out of it. Implied he had an obsession with it. Sigh.
Canuckistanian
(42,290 posts)If Al Gore said the weather was nice, everyone in the media would be reaching for an umbrella.
It was one of the most vicious character takedowns I've ever seen.
NoMoreWarNow
(1,259 posts)he was part of the plan, it seems
arcane1
(38,613 posts)jerseyjack
(1,361 posts)The image is of a bunch of bills stashed in some kind of Al Capone cafe to be opened in 20 or 30 years as needed. But SS funding is partially depended on investing the money in U.S. notes. The interest helps fund S.S.
Storing bills in a lock box does nothing to increase the value of those Benjamins.
Demoiselle
(6,787 posts)I think we understand that it must be invested. But the CPI does deplete it.
arcane1
(38,613 posts)At least that's how I interpreted it.
Liberal_Stalwart71
(20,450 posts)in a lock box. He was right then and he's right now.
Why is it that the people who were wrong about EVERYTHING are never held accountable for being wrong about EVERYTHING!!!!!
Demoiselle
(6,787 posts)Jamastiene
(38,187 posts)It was a good idea when Al Gore came up with it and had it been implemented, we wouldn't have all this trouble now. Instead, we ended up with the Shrub stealing the election by whining to his daddy and his daddy talking to his buddies on the SCOTUS, who then installed that idiot into the White House. Next thing we knew, America would never be the same again. We still may never recover from the Bush years, ever, sadly.
jmowreader
(50,557 posts)Suggesting not "spending the money on other things" shows a dire lack of knowledge of how Social Security works.
Social Security is an insurance system. Insurance companies don't just bury people's premium payments in the back yard; they invest the money because an insurance company's profits come from two places: paying out as little to claimants as humanly posslble, and interest on their investments. Banks do the same thing, as do all the other financial services companies...and the Social Security Administration.
If Social Security didn't invest our tax dollars they would be in a serious world of hurt. Without the government "spending the money on other things," the government would have no need to pay interest on that spending to the Social Security Administration.
We can't fix the problems of the Social Security system by stopping that income stream; we can fix them by raising the cap.
duffyduff
(3,251 posts)The Democratic Party isn't the party it was ten years ago, hell, even five years ago.