Jeff Rigby wrote:
Then he doesn't have to borrow the money and your statement was in
error?????

Of course not.

... If the money is there he doesn't to have to borrow it!

Uh huh. And since when did the Bush Administration propose a budget that
was anything close to balanced?

... You
can't have it both ways.

I'm not the one trying to have it "both" ways. I am trying to
familiarize you (and a few others) with a few basic facts, & introduce
some fairly simple & straightforward logic.

You are insisting that
1- US treasury bonds are somehow "worthless" when the fact is that they
are the most secure investment available.
2- If Bush can somehow make Social Security go bust all the sooner, that
the gov't will be forced to stop borrowing money.
3- that the above two points are actually sensible.


The SS fund has a surplus, more money coming in than is being spent on SS.

Correct.

This money can't be used for the Bush SS plan because it's being spent to
finance other areas of the Federal government.

Wrong.

This is like saying that you own your neighbor's house, because the
money the bank loaned him on his mortgage came out of your checking account.


Beware the most vocal in criticizing Bush's plan for they have eyes on the
SS money and want to spend it on their pet projects.

Wrong. The most vocal critics of Bush's SS plan are the ones who don't
want Social Security to go bust all the sooner, and who have the fiscal
responsibility to not want to run up an even larger deficit to make up
the difference in SS income/payouts.



The deficit spendinginflation/sliding scale income tax system that was
started in the 60's breaks down if congress reduces the tax rates or if we
don't have inflation above interest rates that are paid by treasury notes.

???

That almost sounds like an intelligent statement. But I suspect it's
another one of those delusions which you can't let go of.

Please explain further. Also explain why we haven't had this "breakdown"
when we've actually had inflation rates below Treasury return rates many
times over the past 40 years, inlcuding for about the last 10 ~ 12.

DSK