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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (3615)	3/4/1999 9:22:00 PM
From: Investor2	Respond to of 15132

Re: "... THE GOVERNMENT IS REALLY FUNDING GOVERNMENT SPENGING with our SOCIAL SECURITY TAXES ..." So what else is new? Re: "The best and most honest solution is to return such such excess social security tax collections to individual (IRA Like) accounts for taxpayers for taxpayers to invest." That's a nice idea for those of us who know how to manage our money, but there is no way that the government spendaholics will return "excess" money to its rightful owner. Re: "... (so as to prohibit government influence in the private sector from distorting capital investments for political purposes.)." You mean the politicians would would do such a thing to serve their own political purposes???? I'm shocked that you would say such a thing. <g> Best wishes, I2

To: Boca_PETE who wrote (3615)	3/5/1999 8:52:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re:"NATIONAL DEBT should only be paid down WITH REAL SURPLUSES above and beyond excess social security tax collections ! " Agree. - Social Security income should never have been included with general revenues. Original intention was to set up a separate Social Security "trust fund" - to protect it from being raided . Now the fund is full of IOU's. The problem is, God may be the only one in which we can trust. The originators of Social Security were wise enough to try to keep the funds separate. Unfortunately, administrations since about Lyndon Johnson (with the complicity of Congress), started cooking the budget books to try to hide the real deficits. Unfortunately, the general media has not drawn enough attention to this budget fraud. Matter of fact, they are contributing to it by touting the alleged "budget surplus" in one headline after another. One would have hoped that the Barron's headline article of last week would have gotten more appropriate attention in the general media. To Brinker's credit, he has been trying to dispel such budget shenanigans for quite some time.

To: Boca_PETE who wrote (3615)	3/5/1999 11:02:00 PM
From: BigShoulders	Respond to of 15132

Re: The best and most honest solution is to return such such excess social security tax collections to individual (IRA Like) accounts for taxpayers for taxpayers to invest. P For this to happen, the Federal Reserve will have to sell even more bonds and notes to the public to cover day to day expenses like defense, welfare, roads, etc. Same thing with Clinton's plan to invest in the stock market. Just keep repeating: "There is no surplus. There is no surplus. There is no....." That's what Greenspan is indirectly saying. If he said it directly, he probably would get fired! BigShoulders