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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: jttmab who wrote (51118)6/27/2005 10:17:22 AM
From: TigerPaw  Read Replies (1) of 173976
 
But that means there's no real traceability of funding. It all goes into the GF and gets disbursed.

The social security funds did not dissapear without a trace. They were used to buy treasury bills backed by the full faith and credit of the U.S. government. There is only a problem if the administration defaults on the the treasury bills, and then there is a big problem, and not just for social security.

TP
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