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To: Don Lloyd who wrote (3015)	2/16/2001 1:21:10 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 3536

How does this benefit the overall solvency of the SS system? Where do you think the SSTF is deriving all of that $180 Billion in surplus funds from in the first place? FICA taxes... And right now those surpluses are shoved over into the overall govt budget and replaced with 10-20 year T-Bills to be paid by future taxpayers. The very definition of surplus is that the SSTF is taking in more than it is paying out in SS benefits. In fact, the SSTF is AWASH IN SURPLUSES.. And if those surpluses were permitted to be invested in AAA corporate or mortgage bonds, actual hard assets and not governmental obligation notes, then it wouldn't be so severe an issue, but they're not. The sole place those surpluses can be parked is in Govt treasuries. Thus, if we take whatever portion of those surpluses not immediately required for current benefit payments, they can be applied to private retirement purposes. And overall, what is accomplished is that economic growth will be spurred and grow to such a size that by the time the boomers retire, many of them will be so wealthy they won't need SS (means testing). That will leave the remainder for those less fortunate.. AS IT WAS INTENDED ORIGINALLY. Btw, I do believe I've thought quite a bit of this through... But I'm also open for corrections.. However, correcting me would mean going up against Martin Gross, from whom I derive much of my understanding about the current SS fraud.. Regards, Ron