03-18-2015, 05:56 AM
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Videochat Solutions
Industry Role:
Join Date: Aug 2004
Location: Canada
Posts: 48,587
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Quote:
Originally Posted by Dvae
You're partially correct Mark.
Its actually Al Gores Social Security Lock Box.  
When Al Gore was running for President in 2000, one of the linchpins of his campaign was that he would take the entitlement trust funds and put them in a "lock box," thus preventing Congress from raiding the funds to pay for its pet projects at the expense of future generations.
"I will keep [Social Security] in a lockbox. The interest savings, I would put right back into it. That extends the life for 55 years. I am opposed to a plan that diverts 1 out of every 6 dollars away from the Trust Fund. It would go bankrupt within this generation."
"Putting both Social Security and Medicare in an iron-clad lock box where the politicians can't touch them -- to me, that kind of common sense is a family value."
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