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View Diary: Al Gore was Right -- We DID Need a Lockbox (203 comments)

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  •  Gore lied, lockbox was fiction. Stay reality based (0+ / 0-)

    Gore was fabricating as much as Bush on Social Security in 2000.  It was one of the reasons Gore lost, his equivocating, trying to be all thins to all people and in the end people correctly perceived he stood for nothing.

    Elian Gonzalez lost Gore FL and the presidency. When if the kid should go with his father or with his nut case FL relatives, Gore wouldn't take a stand. Either way would have been OK with people but it was Gore's cowardice that cost him FL.  Gore dropped 5% points over the next week and lost FL.

    The "lock box" was similar. The only honest answer was to reduce SS taxes to what SS cost. It would have been a huge tax cut to working American's.  The lockbox Gore proposed was the same Treasury Bonds SS surplus purchased.  "Locking" them up in ins some virtual "box" made no sense and everyone knew it.  That too cost Gore credibility vs. saying SS is not the problem, never was the problem  and never would be the problem as far as deficits/debt.  He punted and lost.

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