On Sat, 6 Apr 2013 20:39:05 -0400, "Eisboch" wrote:



"Urin Asshole" wrote in message
.. .

Social Security, let’s lay it to rest once in for all…Social Security
has nothing to do with the deficit. Social Security is totally funded
by the payroll tax levied on employer and employee. If you reduce the
outgo of Social Security, that money would not go into the general
fund to reduce the deficit. It would go into the Social Security trust
fund. So Social Security has nothing to do with balancing the budget
or erasing or lowering the deficit.

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I'll add to my previous post:

The "dot com" era was kind to Bill Clinton. Lot's of people made a
lot of money for producing nothing. The result was a strong revenue
stream of Social Security payments that created a large surplus. The
government simply "borrowed" that money to apply to the debt which
balanced the budget and reduced the deficit. Or at least it looked
that way on paper. Good for legacy stuff and all.


Thus, the debt is a bunch of nonsense. It's not a terrible problem,
and whether or not you're correct that it was applied to the debt is
not relevant to it being solvent and paying 100% for a couple of
decades to come and slightly less than that forever after.