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#1
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"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! |
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#2
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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? Bert Robbins wrote: The bonds are given to the alleged SS Trust Fund by the federal government when the money confiscated from working people SS taxes are no more "confiscated" than any other tax ... is is passed through the alleged SS Trust Fund into the federal governments general fund. Wrong. Money does not "pass thru" the SS Trust Fund into the "general fund." This not a single penny sitting in the alleged SS Trust Fund, it is just one big pile of IOU's. Like I said... Treasury bonds... generally considered the most secure investment available. 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. Guess what... if a lot of people, like say the gov'ts of Japan & China for example along with the SS Trust, were not willing to invest in US Treasury debt instruments, then the U.S gov't could not indulge in deficit spending, like for Bush/Cheney's Iraq invasion for example. 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! In other words, certain Republicans lie like a rug in order to fool people like you & JohnH & Nobby etc etc into voting for them, again and again. DSK |
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#3
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On Sat, 19 Mar 2005 11:30:49 -0500, DSK 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? Bert Robbins wrote: The bonds are given to the alleged SS Trust Fund by the federal government when the money confiscated from working people SS taxes are no more "confiscated" than any other tax ... is is passed through the alleged SS Trust Fund into the federal governments general fund. Wrong. Money does not "pass thru" the SS Trust Fund into the "general fund." This not a single penny sitting in the alleged SS Trust Fund, it is just one big pile of IOU's. Like I said... Treasury bonds... generally considered the most secure investment available. 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. Guess what... if a lot of people, like say the gov'ts of Japan & China for example along with the SS Trust, were not willing to invest in US Treasury debt instruments, then the U.S gov't could not indulge in deficit spending, like for Bush/Cheney's Iraq invasion for example. 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! In other words, certain Republicans lie like a rug in order to fool people like you & JohnH & Nobby etc etc into voting for them, again and again. DSK Then again, some of us have some sense and don't regurgitate crap just to see ourselves on the internet. -- John H "All decisions are the result of binary thinking." |
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#4
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Truth- SS tax income is spent on only two things: SS benefits and buying
Treasuries for the SS Trust Fund. Guess what... if a lot of people, like say the gov'ts of Japan & China for example along with the SS Trust, were not willing to invest in US Treasury debt instruments, then the U.S gov't could not indulge in deficit spending, like for Bush/Cheney's Iraq invasion for example. 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? John H wrote: Then again, some of us have some sense and don't regurgitate crap just to see ourselves on the internet. So far everything I have posted is 100% true & accurate. And you? DSK |
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#5
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On Sat, 19 Mar 2005 13:23:20 -0500, DSK wrote:
Truth- SS tax income is spent on only two things: SS benefits and buying Treasuries for the SS Trust Fund. Guess what... if a lot of people, like say the gov'ts of Japan & China for example along with the SS Trust, were not willing to invest in US Treasury debt instruments, then the U.S gov't could not indulge in deficit spending, like for Bush/Cheney's Iraq invasion for example. 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? John H wrote: Then again, some of us have some sense and don't regurgitate crap just to see ourselves on the internet. So far everything I have posted is 100% true & accurate. And you? DSK It's not worth getting into it, Doug. You snipped the comment which prompted my response. Cute. -- John H "All decisions are the result of binary thinking." |
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#6
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John H wrote:
It's not worth getting into it, Doug. In that case, don't. Believe me, the world will not mourn the ending of you OT posts to this newsgroup. ... You snipped the comment which prompted my response. Cute. ??? My statements are 100% true & accurate. So far we've seen a long list of charades & outright lies about Social Security.... almost all of them pulled straight from Bush/Cheney's propaganda effort to gain support for their looting of the SS Trust Fund. All I have done is show up the misconception & lies. If you find this offensive, I suggest you re-examine your core values. An agenda that relies on deceit & ignorance is not a good path for America. DSK |
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#7
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On Sat, 19 Mar 2005 13:37:53 -0500, DSK wrote:
John H wrote: It's not worth getting into it, Doug. In that case, don't. Believe me, the world will not mourn the ending of you OT posts to this newsgroup. ... You snipped the comment which prompted my response. Cute. ??? My statements are 100% true & accurate. So far we've seen a long list of charades & outright lies about Social Security.... almost all of them pulled straight from Bush/Cheney's propaganda effort to gain support for their looting of the SS Trust Fund. All I have done is show up the misconception & lies. If you find this offensive, I suggest you re-examine your core values. An agenda that relies on deceit & ignorance is not a good path for America. DSK You keep managing to snip this: "In other words, certain Republicans lie like a rug in order to fool people like you & JohnH & Nobby etc etc into voting for them, again and again." Cute. -- John H "All decisions are the result of binary thinking." |
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#8
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"Bert Robbins" wrote in message ... "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. No kidding, when are the brain dead liebrals going to realize that when you borrow money from yourself, it is simply spending.........same thing as if you went to the bank, cleaned out your savings account, and left an IOU to yourself.......there is only two ways to replace that money......one, spend less in the future, two, make more money.....and we all know how the guvmint 'makes' more money. 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! |
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