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

To: Thomas M. who wrote (195714)7/24/2004 5:03:08 PM
From: i-node  Read Replies (2) | Respond to of 1572942
 
>> So is your bank.

No, banks aren't. Banks have more assets than liabilities. If SS booked the unfunded liabilities, as ALL private pensions are required to do, it is far beyond technically insolvent.

>> You want Social Security to store its wealth under a mattress? You're painfully stupid.

Again, you are obviously totally ignorant about this subject.

Do your homework if you want to discuss it with me. I'm not tejek; I don't shoot off my mouth without knowing WTF I'm talking about.



To: Thomas M. who wrote (195714)7/24/2004 6:00:33 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1572942
 
Tom, You want Social Security to store its wealth under a mattress?

Actually, that would be better than what we're doing with it now, which is essentially printing money.

David is right when he calls it "technically insolvent," but hey, this is the Federal government we're talking about, not Enron if you catch my drift.

Tenchusatsu


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