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Politics : Politics for Pros- moderated
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To: Mary Cluney who wrote (112975)5/8/2005 9:47:55 AM
From: Lane3  Read Replies (2) of 793914
 

Is that what we are going to tell anyone that have lent us money?

What he means is that the trust fund is only a promise to use the funds represented by it to pay future SS benefits but that there is no actual money available to make those payments. The promise is there but the funds will have to come from future tax receipts. That's no different from the Japanese banks. We will keep our promise to pay them and will do so with money we get from future tax receipts.
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