Jim, wrote:

Bill McKee wrote:

"DSK" wrote in message
...

Bert Robbins wrote:

How about the government get out of the business of providing
insurance and retirement programs.


That would suit me just fine.


... Then the government will have to stop spending the SS tax money
like drunken sailors every year!


Considering that "the government" doesn't spend the SS tax money at
all, you can consider this already done.

You know, you Bush supporters shouldn't work so hard at making
brainless statements. Is stupidty really that seductive for you all?

DSK



Where does the government not spend the SS money? Is the reason that
Congress and President Clinton could declare a surplus in the budget.
They do not buy treasuries with the money, they just issue an IOU. If
there were government bonds in a depository, then there would be a
"trust fund".

See http://www.ssa.gov/cgi-bin/investheld.cgi

For a listing of government bonds held by the SS administration, and
interest paid on same.

Addendum to the above (Quoted)

The average interest rate, weighted by the amount invested at each rate,
is 5.492 percent at the end of December 2004. Similarly, the average
number of years to maturity, weighted by the amounts maturing, is 7.237
years.

A little ways from the 3% quoted by Bush