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To: DMaA who wrote (870)	1/14/1998 10:36:00 PM
From: Mark Nelson	Respond to of 9980

David, Touch‚! Very good expanation of the "funny business" going on with the budget. Thanks. Onward.... Mark

To: DMaA who wrote (870)	1/14/1998 11:35:00 PM
From: Rmn	Respond to of 9980

Great explanation David. I know Zeev wont agree with this. I have learned so much from him. Respectfully Ramsey

To: DMaA who wrote (870)	1/14/1998 11:45:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 9980

David, I am not sure about your explanation. Assume for a minute that the excess SSI was not put into treasuries, where will that money be kept? Will it earn interest there? What happens when the bond in the SSI chest matures, does it not go back to pay SSI requirements? The fact that the excess funds goes into treasuries (rather than speculating in the stock market as some are suggesting-privatization) is just a measure of conservativeness. Treasuries are currently considered the safest investment paying interest, so the excess SSI accumulates there, and when these bonds come due they are paid up, if I bought a bond, I would be paid back and it is the same with SSI, if they bought a bond and it becomes due it is paid back. I just do not see a problem in putting the excess funds into treasuries. Zeev