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To: bentway who wrote (240888)	3/14/2010 9:26:15 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Why didn't the author mention that Congress has borrowed and spent a large chunk of the funds? Has Congress made good on the IOU's? I had heard that a lot of Reagen's defense spending was funded from social security. Has that problem been taken care of?

To: bentway who wrote (240888)	3/14/2010 10:09:27 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Third, Social Security is morally the polar opposite of a Ponzi scheme ...... By design, that means a certain amount of wealth transfer, with richer workers subsidizing poorer ones. That might rankle, but it's not fraud.<<< The government set a new standard recently. The backing of Fannie/Freddie was always an "implicit" guarantee. In fact it was no guarantee at all. Just recently, the government made it explicit. I wonder if that isn't subject to legal challenge. Apparently Congress completely abdicate its responsibility and allowed one man in the administration - Timmy G. - to commit the country to about $400 billion of expenditures. Regardless. The government defined "implicit guarantee" with this rather explicit act. By any comparison, what the government says about Social Security is an explicit guarantee - cast in bronze. Of course the amount may vary - especially if you want to start playing inflation games. So if they say it is so, and it ain't so, then we have fraud - big time.

To: bentway who wrote (240888)	3/15/2010 1:13:56 AM
From: Skeeter Bug	Respond to of 306849

in short, its a government enforced ponzi scheme that... first, the government informs the people of in advance (and buys off early entrants) second, isn't doomed to fail b/c the government can enforce economic slavery on the wage earners. third, its a ponzi scheme with good intentions! gee, i feel a lot better. NOT! but i will highlight the biggest scam of all... the real problem with social security right now isn't its ponzi nature... it is that the special interests have used government to loot the money as fast as it came in and to hand it over to the special interests. with all social security's flaws, none come close to this criminal theft on the part of the moneyed special interests and their mercenaries in government - both parties... want to kick the moneyed special interests in the teeth? stop waiting for someone else to do it and GET INVOLVED! swarmusa.com is a platform to easily get involved and be heard. if you can't afford the 5-10 minutes a day to contact the swarm target, you have no foundation to b* when the nation goes into neo feudalism (uber rich own everything and the citizenry rents from them).

To: bentway who wrote (240888)	3/15/2010 8:36:13 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

Social Security to start cashing Uncle Sam's IOUs Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come. news.yahoo.com Sunday, March 14, 2010 8:48:16 PM (US) Moody's is expected to say that unless the US gets its public finances into better shape than the Obama Administration projects there would be downward pressure on its "AAA" credit rating - FT