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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (215400)1/19/2005 2:29:44 PM
From: Road Walker  Read Replies (1) of 1573841
 
re: I thought you didn't like federal debt, which is what those T-bills basically represent.

Debt for the treasury, an asset for Social Security.

I agree with you that including the SS surplus in the federal budget is unconscionable. It's "Enron accounting", but it's still just accounting. There is a "trust fund"; the pols are using it to hide their profligate ways.

That doesn't change the discussion on how to "rescue" SS, except to make the $2T cost of partial privatization even more onerous.

re: Options have value.

There is something vaguely familiar about this discussion and the one on expensing options.

John
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