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

To: TimF who wrote (220673)	2/24/2005 8:32:29 PM
From: Road Walker	Read Replies (2) \| Respond to of 1573561

re: There is no other place it can come from. When the treasury pays back the bonds it pays them with other taxes. OK, it could just borrow the money but than it has to make payments on the loan through regular taxes so it amounts to the same thing. It's pretty basic, I can't believe you don't get it. Noboby puts a big "SS" on every dollar that comes into the treasury from FICA. Just as nobody puts a big "DEF" on every dollar that the government spends in Iraq. If the government decides to use "unified budget" accounting as it did in the 60's, it doesn't relieve their obligation on the dollars they borrowed, for other purposes, from SS. The same as it doesn't relieve the debt owed to China on the treasuries that they hold. Bush has dramatically reduced government revenue, by lowering taxes on the wealthy. The revenue is and always has been fungible, as is the debt. It's not program specific. Many folks, for political or philosophical reasons, will say that SS is taking tax dollars. The fact is that SS has been supporting government spending on military and other programs for many years, and now it's time to pay the piper. Since SS surpluses have been supporting the military for so many years, isn't it time for military spending to support SS? John