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

To: Lane3 who wrote (21262)	8/9/2001 7:13:03 PM
From: TimF	Respond to of 82486

If you've been spending money allocated on paper to the trust fund for general purposes, then you can that you've incurred an obligation to spend future general purpose income to pay back the trust fund. But everything relies on the future income just as it would if there was no fictional (or at least accounting only) trust fund. I think the accounting fictions of trust funds or even SS account and general fund do not matter to much. Its money in an money out. In a sense the social security fund could be said to have a trust fund, but the social security fund is almost as much of an accounting gimmick as the social security trust fund. We have one federal government, it has a certain total revenue and a certain amount of total spending. It is a net debtor so there is no fund for the government to draw on. Tim