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Politics : Politics for Pros- moderated

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To: Paul Smith who wrote (112942)	5/8/2005 9:07:41 AM
From: Mary Cluney	Read Replies (2) of 793917

There is no trust fund. The past Social Security surpluses were spent the year they were created. The idea that in 2017, when the surpluses disappear, we will be able to go to a box in West Virginia to retrieve the money we need to make up the shortfall (between what Social Security takes in and what it pays out that year) is a deception. There is no money there. It will have to be borrowed or garnered from new taxes. What is Krauthammer talking about? Is that what we are going to tell the Chinese and Japanese Central Banks? The money we have borrowed from you has been spent. The box is empty. You are only holding some paper. Is that what we are going to tell anyone that have lent us money? What is Krauthammer talking about? Is that what we are going to tell the credit card company. The money you have loaned to us has been spent. We have spent everything. We have no money. We are broke. Thank you very much. What is Krauthammer talking about?

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