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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (184550)	3/11/2004 8:07:37 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1572518

Tim, there were a lot of holes you could poke in Eric Spitler's column, but let's get one thing clear: Social Security is indeed a Ponzi scheme, because it was originally set up that way in the first place. Tenchusatsu

To: TimF who wrote (184550)	3/12/2004 6:22:14 AM
From: Alighieri	Respond to of 1572518

Lie #2: The Social Security Trust Fund is a sham. Not a lie. Its true. The IOU's are worthless. Not because the Tresury will default on these bonds but because the money is a loan from the government to the government. The fact that you "owe yourself money" doesn't mean you have an assett. If I write you a check and you agree to pay me back with interest, the loan is an asset for me (and a debit for you). If you write the check to yourself, deposit it in another account and then spend it, the IOU you wrote yourself isn't an assett even if you will eventually pay back your checking account for the original check. Allright Tim...but there is an advantage when you borrow from yourself and can't pay the debit back...you default to yourself. In fact, the current bush fiscal madness is increasingly viewed as having self default as a deliberate goal. Al