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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (19126)5/18/2000 11:03:00 AM
From: DMaA  Read Replies (2) | Respond to of 769670
 
A govm't bond is simply a promise to tax at a future date. Wealth transfer.



To: Ish who wrote (19126)5/19/2000 1:10:00 AM
From: Brumar89  Read Replies (1) | Respond to of 769670
 
...taking the SS tax revenues and BUYING T-bonds...

Actually that's what they already do.

cbpp.org

When the Social Security trust funds take in more revenues in a year than the trust funds need to pay Social Security benefits and administrative expenses that year, the Treasury borrows the surplus funds and provides the trust funds with Treasury bonds.


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