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Politics : Formerly About Advanced Micro Devices

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To: Windsock who wrote (138074)	7/11/2001 11:30:34 PM
From: i-node	Read Replies (3) of 1584236

But only after stealing money from the lockbox -- Social Security and Medicare. What a FOOL you must be!!! I missed this the first time through. You THINK there is a "lockbox"?!?!? Jeez. Talk about gullible. Don't you realize that Social Security is technically insolvent and has been since the 70s? Because the Democrats created a plan that uses CASH BASIS accounting, the uninformed actually think there is a LOCKBOX! If you put SS on the accrual basis of accounting (like private pension funds) and record the unfunded pension liability (like private pension funds) the thing was broke years ago. Reagan managed (fighting the Dems all the way) to prop it up, but it has been broke since the 70s. This is precisely what I'm talking about when I refer to Democrats' inability to achieve any fiscal responsibility. Instead of true accounting, they give us bogus numbers that keep the voters confused. I think you make my point for me. Do you even UNDERSTAND the difference between cash basis and accrual basis accounting? Any of you have the guts to debate the "lockbox" issue with ole' maroon?

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