On Wed, 5 Jan 2005 18:39:24 -0500, Erik Reuter <[EMAIL PROTECTED]> wrote: > On Wed, Jan 05, 2005 at 04:05:23PM -0600, Gary Denton wrote: > > > Those "pieces of paper" as you call them were Greenspan's and Reagan's > > solution as to how the SS system would be nearly permanently solvent. > > Which it is. > > Unable to understand the subject under discussion, he makes up straw men > arguments instead of replying to what I wrote. > You made the sweeping assumption that the additional money the working class, not the wealthy class, has been putting into the Social Security trust fund at the urging of Reagan and Greenspan were "pieces of paper" and not full faith and credit obligations of the Federal government.
Do you deny that is what you wrote? Of course, I could argue this was a Greenspan and elected officials trick to let all the President's except Clinton, i.e. Reagan and two Bush's, to run the government on money borrowed from the working class while giving tax cuts to corporations and the wealthy. Money it appears they have no intention of paying back. > It took me a minute to realize what you remind me of. It's the old Eliza > program. I jumped on a phrase you used because it illustrates an elitist cynicism. >Apparently, people think that the SS trust fund is just like their >bank savings account, and there is a trillion dollars sitting in there >waiting to be withdrawn. Oh, those "people" who can only understand bank savings accounts. >(Unfortunately, not. The trust fund is just >pieces of paper that says that the government owes itself -- to "pay >itself back" the government will need to raise taxes, cut spending, and To pay the dollars it borrowed from people on the first (presently) $90,000 of income on the understanding it would be required to pay it back by raising taxes and cutting spending and making investments in the economy. Since Reagan it seems only the GOP Presidents steal money they don't have from future generations and primarily the working class to finance their corporate supporters and reduce taxes for the dividend clipping class. GW has just confirmed that they large SS tax increases of the Reagan years was a ploy, a siphon from workers wallets, and they truly have no intention of paying it back,. >borrow even more) Under Clinton we were not borrowing even more, as I wrote above that is a R, Bush 1, and Bush 2 scam to make others pay for their fun and games.. Gary " Eliza is a bit more polite than me" Denton _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
