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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (12859)	8/21/2003 6:01:22 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

If they invested the surplus in equities would you feel better? -g- Tell me where should they put the surplus so it wouldn't look like a bookkeeping entry? Cash? Gold? Foreign bonds? The bonds accrue interest just like regular Treasury bonds. What I want is to limit the amount that winds up going into it period. They have so expanded the original intent to have it include some pretty ridiculous benefits, including but not limited to, disability payments to people whose only disability is alcohol or drug abuse. I have a friend who is a doctor who works at a state run psychiatric facility. He has patients stay medicated and are reasonably manageable until they get that big SS disability payment and then they disappear for a few weeks. He gets a call to come get them in some flea bag motel, the money gone, either up in smoke or drunk up. The lawyer they use gets a third of the payout and they don't even need a freakin lawyer to make a claim. It's a completely abused program, I'm not defending it by any means. Just pointing out that you can't buy a tank with a check from the Social Security Administration, you need one from the Treasury. It will need an infusion from the general fund in excess of the 1.4 trillion that is in the trust fund. You can bet it will be made, with cheaper dollars and with reduced benefits. Consider that the American public loves this little incentive trap and no politician will touch it.