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Politics : Politics for Pros- moderated
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To: unclewest who wrote (112103)5/1/2005 3:10:40 PM
From: TimF  Read Replies (2) of 793956
 
That would depend on the rate of return from the trust fund.

No it didn't. Originally it was a cash on cash program.

Yes and originally there was no trust fund.

You said "SS would still be solvent if the extra cash collected all these years was placed in a real trust fund and not squandered as it was." Taking only that change where the money is invested in a "real trust fund", leaves you with a situation where the SS system is solvent if and only if you get an adiqute return on the investments in this trust fund. It might not be hard to get an adiquate return, I'm not saying we wouldn't get one, just that it would be a requirement if we wanted a solvent system.

Yes originally it was a "cash on cash program" if by that you mean that no "turst fund" was built up. What does that fact have to do with your claim that "SS would still be solvent if the extra cash collected all these years was placed in a real trust fund and not squandered as it was."?

"the trust fund is real."

Yes it is, to dreamers, wishful thinkers, and MSM.

You quoted me out of context giving a distorted impression of what I was saying. I said " When you consider SS in isolation, the trust fund is real. The SS fund has government bonds." Later in the same post I went on to say "But there are two problems with looking at things this way. The smaller one is that this trust fund will eventually run out. The more fundamental one is that the trust fund is the government loaning money to itself so it isn't a real asset."

Tim
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