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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (312015)10/29/2002 6:52:15 PM
From: Steve Dietrich  Read Replies (1) of 769667
 
There's nothing wrong with the federal government borrowing the SS surplus, after all they borrow money all the time from lots of different sources.

The scandal is the Bush administration saying that the SS money isn't really there and can't be counted on for paying benefits. It's only not there if one can't count on the full faith and good credit of the United States of America.

Imagine what would happen if we told our other creditors that they were in financial trouble if they were counting on being paid back the money we had borrowed from them, because that money wasn't really there.

It's an outrage, and the worst kind of economic incompetence for the Bush administration to threaten to renege on the full faith and good credit our country.

Steve
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