> lets not lump all those together > > SS is supposed to be funded by the Social Security Trust, which is > mainly financed by bonds.
There is no trust Rev. It's an accounting trick that moves the SS funds into the general fund and replaces it with an I.O.U. It really doesn't matter how well intentioned this road is. It's a dead end of insolvency of tens of trillions of dollars. $99.2 trilion according the Dallas Fed governor. That's $1.3 million for every family of 4. http://www.dallasfed.org/news/speeches/fisher/2008/fs080528.cfm We're gonna need a bigger boat. ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
