PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: BlackDog777 who wrote (612319)	8/27/2004 11:25:11 PM
From: Emile Vidrine	Read Replies (1) of 769670

Social Security deductions are deposited in the SS TRust Fund which are borrowed by the Federal government to balance the budget. In effect, SS payments are invested in US gov. bonds. But when Bush begins giving Israel $17 in 2003, spending $200 billion on an Iraq war for Israel, and giving a $1 trillion tax cut to the super rich, then he jeopardizes the SS Fund by running up a deficit of some $500 billion. If Bush continues running these deficits, then there is the possibility the future income of the federal government will be insufficient to pay interest on our SS bonds or that he will be able to redeem the bonds at maturity.

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