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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (104741)	8/6/2007 3:59:32 PM
From: longnshort	Read Replies (1) \| Respond to of 173976

Under the Unified Budget Act passed by Congress in 1974, all such special taxes like payroll taxes,gas taaxes etc that go into a so called trust fund and these trusts or special fund accounts are required to give (lend) all the funds not spent to the US treasury for spending on any other items needed under Congressional appropriations and budgets. In effect all taxes of any kind go into one pot and the Government spends the monies as it sees fit according to its priorities. These special trust funds such as highway, airport, social security are really just an illusion and no fiduciary requirements exist or corpus. Rich sorry to pop your bubble Kenny, are you still blissful ?