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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (107407)7/10/2011 8:49:34 PM
From: TimF  Read Replies (2) of 224756
 
The "paper" in the SS trust fund is just as good as Treasury bonds.

US federal treasury bonds are no good as an investment or savings mechanism for the federal government.

When you loan money to yourself it doesn't give you a real asset. You can't use it to pay off anything. The feds spent the money years ago. If they want to pay benefits with it they have to tax it from people, just as they would if the balance in the "trust fund" was zero.
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