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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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