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Politics : Sharks in the Septic Tank

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To: TimF who wrote (21238)	8/9/2001 7:15:37 PM
From: Nadine Carroll	Read Replies (1) of 82486

Its a practical one in that the government will have to come up with new funds, or spend less when the SS tax no longer supports SS expenses. While I agree that it would be better if the govt spent the SS surplus on regular Treasuries instead of SS IOUs (thus recording it as an increase, instead of a decrease, in federal debt), the current use of the SS Trust Fund to pay down the national debt should leave the US Govt in a better position to raise the necessary monies for SS payments in 15 years. It's not correct to regard the money as simply confiscated with no return or obligation on the part of the government.

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