Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (112137)	5/1/2005 11:43:55 PM
From: unclewest	Read Replies (1) \| Respond to of 793955

"But there are two problems with looking at things this way. The smaller one is that this trust fund will eventually run out. The more fundamental one is that the trust fund is the government loaning money to itself so it isn't a real asset." Agree. Though I see nothing small with the fund becoming insolvent. I believe the latter is true and the first point is becoming true. There are other solutions we have not yet explored. One being the youngsters could begin to kill off the old folks to save SS for themselves. You quoted me out of context Was not my intent. I was commenting on what I perceived your argument to be and the hole I see.

To: TimF who wrote (112137)	5/2/2005 12:23:16 AM
From: unclewest	Read Replies (1) \| Respond to of 793955

Yes originally it was a "cash on cash program" if by that you mean that no "turst fund" was built up. What does that fact have to do with your claim that "SS would still be solvent if the extra cash collected all these years was placed in a real trust fund and not squandered as it was."? The excess SS cash was accumulating quickly. Eventually the pot became so big the pols could not resist spending it...issuing IOUs to replace it. So they did just that. If you believe the IOUs have value like a trust fund. I see your point but disagree. I believe trillions in Govt IOUs for SS are worthless. Lots of SIers made the mistake a few years ago of thinking stock certificates are the same as cash. Many more are making a similar mistake today thinking Govt IOUs are the same as a cash based trust fund.