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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2588)	10/5/2006 3:05:58 AM
From: c.hinton	Respond to of 50742

Is privatization possible if the gov depends on revenues from social security to offset the fed deficit. " Social Security is just a very large tax collection tool" "Currently, there is more being payed into the Social Security Trust Fund than is being paid out to beneficiaries. What's left over is routinely being "borrowed" and used as if it were general budget revenue. Government agencies using that money promise to pay it back (IOUs). All of the money in the Social Security Trust Fund has been spent! That's part of the National Debt. So Social Security is just a very large tax collection tool." federalbudget.com