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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Larry S. who wrote (25970)	2/7/2005 11:25:39 PM
From: jackjc	Read Replies (1) of 110194

That is just a play on words. The SS surplus is actual earnings of Americans that have been taken and spent, and replaced by pieces of paper. To redeem the pieces of paper when needed will require selling them for real savings (additional cash to be raised) over and above what would otherwise be needed. Or just printed and therefore stolen from all savers at the time. Sure we can borrow from ourselves, live better now and pay back later. Its in everyone's interest to do this except for those who will pay for it some day. I used to pay 1.00 per wk into SS when starting work. I have collected for 11 yrs so far and am very healthy.

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