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Politics : View from the Center and Left
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To: Mary Cluney who wrote (155160)1/29/2011 3:33:00 AM
From: Paul Smith  Read Replies (1) of 541880
 
It has assets of over $2 trillion dollars.

The social security assets are IOUs from the Federal government - the cash itself has already been spent. It is like me spending all my 401K money while promising to pay it back to myself later and then telling everybody that I had a large 401K account balance -- the balance is comprised of an IOU to myself.
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