The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Boca_PETE who wrote (3615)	3/5/1999 8:52:00 AM
From: Wally Mastroly	Read Replies (1) of 15132

Re:"NATIONAL DEBT should only be paid down WITH REAL SURPLUSES above and beyond excess social security tax collections ! " Agree. - Social Security income should never have been included with general revenues. Original intention was to set up a separate Social Security "trust fund" - to protect it from being raided . Now the fund is full of IOU's. The problem is, God may be the only one in which we can trust. The originators of Social Security were wise enough to try to keep the funds separate. Unfortunately, administrations since about Lyndon Johnson (with the complicity of Congress), started cooking the budget books to try to hide the real deficits. Unfortunately, the general media has not drawn enough attention to this budget fraud. Matter of fact, they are contributing to it by touting the alleged "budget surplus" in one headline after another. One would have hoped that the Barron's headline article of last week would have gotten more appropriate attention in the general media. To Brinker's credit, he has been trying to dispel such budget shenanigans for quite some time.

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