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To: Don Lloyd who wrote (3485)11/11/2001 9:02:33 PM
From: frankw1900Read Replies (1) | Respond to of 24758
 
Don - You are saying it's underfunded now, underfunded when it started. That the govt gave it an inadequate grubbstake when it did start. And, if SS is going to pay benefits the money has to come from another place than the Trust Fund,,,,

Still, there are securites in there and they have some kind of face value and represent some kind of obligation, don't they?

If something has economic significance it has to carry a promise: broadly, be an asset or a debt.These securities seem to fit the criterion, however badly, even negatively.

You are saying it's a fraud. That has economic significance.