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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: Win Smith who wrote (21239)	8/9/2001 6:08:19 PM
From: TimF	Respond to of 82486

Win, there is no problem in principle with the government using general tax revenue to pay for social security (except perhaps the libertarian argument against having social security in the first place but that is a different subject). My point was not that the government can not or even should not do this but rather that the fact that it will have to shows it is not drawing an a store of wealth or a trust fund but rather spending money that it will bring in from future taxes. If there was an actual trust fund it would not have to use general government revenue to pay for social security until the trust fund was excausted. Of course one can like social security in its present form even though it has no real trust fund, I am just making the point that it does indeed not have any such trust fund. Tim