"DSK" wrote in message
. ..
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?

The bonds are given to the alleged SS Trust Fund by the federal government
when the money confiscated from working people is is passed through the
alleged SS Trust Fund into the federal governments general fund.

This not a single penny sitting in the alleged SS Trust Fund, it is just one
big pile of IOU's.

... 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.

Pass the pipe over here dude! "Buying Treasuries", you have got to be
kidding? More like receiving pieces of paper when Congress appropriates the
money alleged being deposited into 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?

Its all politics and the art of getting re-elected!