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

To: i-node who wrote (491704)	6/30/2009 1:04:38 AM
From: bentway	Read Replies (1) \| Respond to of 1574273

"Like almost everyone, I assumed at that point they were being held in the SS trust, invested in government securities." We can't help it if you are an uniformed redneck. My parents told me what that SSI deduction on my first paycheck at 14 went for my grandma's Social Security. Sounded like a fine idea to me. I loved my grandma. When I made more later, it went to my mom to help raise my little sister after my dad died. After my sister grew up, it helped take care of my mom. It's a great program, and Americans LOVE it.

To: i-node who wrote (491704)	6/30/2009 11:09:14 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1574273

" As it turned out, that money was being used instead to pay current beneficiaries of the plan." How naive..... The government sells billions of dollars in bonds to the SSA and you think the bonds are buried in a hole somewhere by the SSA and the cash the government received is put in a "lock box"?? lol! The bonds are a loan given to the feds by the SSA ..... The SSA will cash those bonds when needed to pay to retirees when it is needed.... In the meantime the feds used the cash received they way they always do....it was first put into the general fund during the Johnson admin. Why would they let billions sit around doing nothing?