Ya think so? Gee, I guess you know more about it than Greenspan, who
said it would increase spending and contribute to larger deficit(s).
Jeff Rigby wrote:
Okay for your education, there is NO SS money that hasn't been spent, there
is NONE that is sitting in an account waiting for your retirement. The
Federal government has already spent it.
If that's true, then why is there such a thing as the SS Trust Fund and
why does the Treasury Dept sell it bonds?
... If the Federal government isn't
allowed to spend, say 20% of the money coming in for SS and it's deposited
in a 401K type account in your name that money can't be spent and somewhere
the federal budget has to be reduced because the money is not available to
be spent.
You're really very heavily inoculated against facts, aren't you?
Truth- SS tax income is spent on only two things: SS benefits and buying
Treasuries for the SS Trust Fund.
That's why the democrats who are "the deficit spenders" are against ANY plan
that calls for PRIVATE accounts.
Now please explain why Republicans, who under Bush Jr & Reagan have run
up historically high deficits, are always claiming that Democrats are
the big spenders?
DSK
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